Siemens shares fall

Germany's Siemens AG has reported first quarter profit in line with estimates but, by sticking to earlier full-year forecasts…

Germany's Siemens AG has reported first quarter profit in line with estimates but, by sticking to earlier full-year forecasts, killed any boost a sharp sales rise might have offered its share price. In the wake of results released a week earlier than expected, Siemens shares fell almost 6 per cent at one stage, weighing on the overall Xetra DAX index in Frankfurt.

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