Siemens Reports Higher Sales; Misses on Earnings Estimate

Industrial goods manufacturer Siemens AG (SI) reported second quarter fiscal 2013 net income of $1.36 billion (€1.03 billion) or $1.56 per share (€1.18) compared to $1.24 billion (€0.94 billion) or $1.35 per share (€1.02) in the year-earlier quarter. Although earnings increased on a year-over-year basis, it missed the Zacks Consensus Estimate of $1.92.

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