Siemens raises FY earnings guidance after strong first quarter

January 25, 2016 6:10 PM

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Siemens raises FY earnings guidance after strong first quarter

MUNICH, Germany Siemens (SIEGn.DE), Europe's biggest industrial group, raised its full-year earnings-per-share guidance on Monday after beating market expectations for first-quarter industrial profit, revenue and orders.

The Munich-based company said it now expected EPS of 6.00 to 6.40 euros ($6.50 to $6.93), up from its previous forecast of 5.90 to 6.20 euros.

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