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Siemens Aktiengesellschaft (SMAWF)

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116.52-3.44 (-2.87%)
At close: 03:43PM EDT
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  • Reuters

    Siemens Energy turns gloomier as wind turbine problems mount

    Siemens Energy warned on Wednesday sales and margins this year would be at the low end of its forecast range due to worsening problems at wind turbine division Siemens Gamesa, which has been hit hard by supply chain disruptions. Results at Siemens Gamesa, which in January issued its third profit warning in nine months, mask a solid performance at Siemens Energy's business focused on coal- and gas-fired power stations and turbines. "Disappointing again is the performance of Siemens Gamesa which is weighing heavily on Siemens Energy," Siemens Energy Chief Executive Christian Bruch said, adding the situation had "aggravated further since the last profit warning".

  • Reuters

    Siemens Healthineers raises 2022 outlook on demand for COVID-19 tests

    U.S.-German medical device maker Siemens Healthineers raised its 2022 targets on Wednesday due to increased demand for rapid COVID-19 antigen tests, and reported a rise in first-quarter revenue and earnings. The company said it now expected its diagnostics segment to generate around 1.3 billion euros ($1.37 billion) in revenue with rapid COVID-19 antigen tests, up from some 700 million euros previously. As a result, it expected comparable revenue growth of between 5.5% and 7.5%, up from 3% to 5% previously, and adjusted basic earnings per share of between 2.25 and 2.35 euros, up from 2.18 to 2.30 euros previously.

  • Yahoo Finance

    What the infrastructure bill means for electric cars: Siemens USA CEO

    The Infrastructure Investment and Jobs Act is set to disperse hundreds of billions towards overhauling aging infrastructure around the country. According to Siemens USA CEO Barbara Humpton, however, what makes the bill so groundbreaking is its implications on the next generation of infrastructure, specifically electric vehicle (EV) charging.