Siemens (SI) Reports Q1 Orders Fell 4%; Adjusted Revs Pop 3%, But Miss Views
Tweet
Share
E-mailGet Alerts SI Hot Sheet
Join SI Premium – FREE
Siemens AG (NYSE: SI) today announced a rather sluggish start into its FY2012.
Orders in the first quarter declined 4%, to approximately $25 billion on an adjusted basis and the order backlog reached approximately $130 billion. Revenue rose 3% on an adjusted basis to approximately $23 billion, with increases in all regions. The Street was looking for revs of $23.24 billion.
In the U.S., on an adjusted basis, sales were up 2% to approximately $4.8 billion and orders grew 6% to roughly $6 billion over the last quarter.
Orders in the first quarter declined 4%, to approximately $25 billion on an adjusted basis and the order backlog reached approximately $130 billion. Revenue rose 3% on an adjusted basis to approximately $23 billion, with increases in all regions. The Street was looking for revs of $23.24 billion.
In the U.S., on an adjusted basis, sales were up 2% to approximately $4.8 billion and orders grew 6% to roughly $6 billion over the last quarter.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sky Quarry names Heidi Bowman as CFO
- Wolfspeed (WOLF) Misses Q4 EPS by 174c; Offers Guidance
- Opera Limited (OPRA) Misses Q2 EPS by 1c ; Offers Guidance
Create E-mail Alert Related Categories
Corporate News, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
