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The German manufacturer is adding a second U.S. factory to make train cars for North American rail lines, with plans to hire 500 workers.
SIEGY vs. ASHTY: Which Stock Is the Better Value Option?
German industrial conglomerate Siemens XE:SIE said Wednesday it will spin out its motors and large drives company. The company, to be called Innomotics, will be based in Nuremberg, Germany, and have 14,000 employees worldwide and revenue of 3 billion euros.
Here is how Siemens AG (SIEGY) and Terex (TEX) have performed compared to their sector so far this year.
Europe's largest industrial manufacturer Siemens rolled out a digital bond on a blockchain worth 60 million euros.
SIEGY vs. ASHTY: Which Stock Is the Better Value Option?
Siemens AG (OTCPK:SIEGY) Q1 2023 Earnings Conference Call February 9, 2023 2:30 AM ET Company Participants Eva Scherer - Head, IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants Benedict Uglow - Morgan Stanley Gael de-Bray - Deutsche Bank Andrew Wilson - JPMorgan Chase & Co. Philip Buller - Berenberg James Moore - Redburn Operator Good morning, ladies and gentlemen, and welcome to Siemens 2023 First Quarter Conference Call. As a reminder, the call is being recorded.
Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said it had made a "flying start" to its new business year.
Siemens reported better-than-expected quarterly at its industrial business on Wednesday and raised its full-year sales guidance, boosted by a strong start to its 2023 fiscal year.
Siemens AG (SIEGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).