Siemens Energy Has Solid Results with Boost from Gas Services
Dow Jones08-05
0653 GMT - Siemens Energy brought a solid set of results, bolstered by a strong Gas Services margin progression, analysts at RBC Capital Markets say in a note. In the third fiscal quarter, Gas Services had a 17.3% profit margin before special items, up from 13% the same period a year prior, Siemens Energy said Wednesday. There was also good order momentum in Gas Services, though it was slightly lower than the unexpected upside reported by peers recently, the analysts say.
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