Companies
Siemens warns of weak demand in China as profits miss target
Shares in the multinational technology giant fell 5 per cent on Thursday morning as the company’s second quarter profits fell short of market expectations
Siemens, the German technology conglomerate, posted weaker than expected profits for the second quarter of the year as the company saw demand for its digital industries unit drop in China while taking a hit on its stake in the troubled wind-turbine maker Siemens Energy.
On Thursday, the multinational company, posted net income of €1.4 billion in the three months through the end of June, which was an improvement on the net loss it made for ...
