From Bloomberg:
Siemens AG (SIE), Europe’s largest engineering company, said profit this year will rise at least 75 percent, more than it previously anticipated, as customers buy more industrial equipment and a unit overhaul starts to pay off.Here's the one year comparison of SI against the S&P 500 and General Electric:
Net income from continued operations will rise to at least 7.5 billion euros ($11.1 billion) in the year ending Sept. 30, from 4.3 billion euros a year earlier, Siemens said today. The Munich-based company previously predicted an increase of as much as 35 percent. Sales growth will be a “mid-single digit” percentage, from an earlier forecast of “moderate growth.”
“The outlook is still pretty conservative, it leaves room for improvement,” said James Stettler, an equity analyst at UniCredit in London. After stripping out non-recurring items, Siemens’s profit guidance is for an increase of about 10 percent, he said. He recommends clients to buy the shares and sees them rising to 100 euros within a year....MORE
UPDATED--Zacks: "Siemens Has Best Relative Performance Among Industrial Conglomerates" AND "Expects 200 Billion Euros ($285B) Revenue at Industry Unit by 2016 (SI, GE, TYC, PHG, TXT)
Siemens Anticipates Growth Rate Will ‘Ease’ in the Second Half
Siemens; ABB lifted to conviction buy at Goldman: ABB, Siemens, Schneider to Gain From Demand for Smart Grids, Goldman Says (SI; ABB)
"Siemens Long-Cycle Industry Customers Weighing Investments Again" (SI)
I'll See Your Eco-imagination and Raise: "Siemens Predicts Sales of Green Technology Products to Reach $55 Billion" (SI; GE)
Siemens Sees Strong Profitability, Decides to Open a Bank (SI)
And many more, use the search blog box, keyword Siemens.
