Siemens (NYSE:SI) today posted third quarter fiscal year 2018 earnings that saw profits and sales shrinking compared to the same period in 2017.
The Munich, Germany-based company posted profits of $1.4 billion (EU €1.2 billion), or $1.55 per share (EU €1.34 per share), on sales of $23.7 billion (EU €20.4 billion) for the three months ended June 30, seeing profits shrink 12.5% while sales shrunk 4% when compared with the same period last year.
“Our global team delivered a strong quarter, highlighted by outstanding order intake, outperforming the market. We diligently address our opportunities and challenges going forward,” prez & CEO Joe Kaeser said in a press release.
Siemens reiterated its existing EPS outlook for the year, expecting to post between $8.92 and $9.27 (EU €7.70 to €8.00) with a profit margin of between 11% and 12%.
Shares in Siemens fell 4.7% today, closing at $114.20.
In June, Siemens Healthineers said it won FDA clearance for its Biograph Vision positron emission tomography and computed tomography system.