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published in Blogs
May 15, 2022
Siemens (SIEGY, $60.47) misses Q2 earning expectations, while topping revenue estimates

Siemens (SIEGY, $60.47) misses Q2 earning expectations, while topping revenue estimates

Siemens AG posted its second quarter earnings that fell short of analysts' expectations, even as  revenue beat estimates.

The tech company’s earnings came in at €1.27 a share, below the €2.03 expected by analysts surveyed by Investing.com. Revenue of €17.04B surpassed analysts’ expectations of €16.87B.

 JPMorgan Chase & Co. lowered its price target on Siemens shares from €190.00 ($200.00) to €178.00 ($187.37). The bank has an overweight rating on the company’s stock.

Related Tickers: SIEGY