Siemens reports 4Q loss, still exceeds estimates | RCR Wireless

Siemens reports 4Q loss, still exceeds estimates

by Reily Gregson

FRANKFURT, Germany-Siemens AG reported a fourth-quarter loss of $968 million, although it exceeded analysts’ estimates.

However, the company, which attributes its loss to the down market in telecom equipment, said it posted a profit of $1.84 billion for the full year.

You may also like