- Zacks
3 Industrial Services Stocks to Watch Amid Persistent Industry Challenges
The contraction in the manufacturing sector mars the near-term outlook for the Zacks Industrial Services industry. Companies like Siemens (SIEGY), Grainger (GWW) and Andritz (ADRZY) are solid investment options due to their healthy growth prospects.
- Investor's Business Daily
Siemens Earnings Expected To Crater 50% Even As Tech Giant Homes In On Data Center Fever
Multinational technology outfit Siemens reports fiscal second-quarter earnings and revenue early Thursday amid expectations the company's profit will halve compared to a year ago. SIEGY shares angled higher Wednesday. Analysts forecast Siemens earnings to fall 48% to $1.21 per share with revenue slipping more than 1% to $20.76 billion, according to FactSet.
- Reuters
Siemens to sell drive division to KPS for $3 billion, sources
BERLIN/ZURICH (Reuters) -Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), two sources familiar with the matter said on Wednesday. Siemens will announce the deal on Thursday along with its financial results, the sources said, confirming an earlier report published by Handelsblatt newspaper. Siemens declined to comment on the report.
