Contracting Gas Turbine Markets Continue to Depress Siemens' Industrial Business Profitability in 2Q
Siemens delivered mixed results in the second quarter as profit from its industrial businesses declined 8% year on year on the back of flat organic revenue, but strong order intake (in line with the high level of second-quarter 2017) offers some promise for the future. Adjusted for negative currency effects, the firm reported higher revenue in all divisions, with the exception of power and gas, or P&G, and renewable energy. Net income in the second quarter increased strongly, mainly due to b...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.