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.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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Industry IndustrialMachinery
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