Siemens shares gain after strong earnings

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Reuters
Last Updated : Nov 26 2014 | 10:32 AM IST

Reuters Market Eye - Shares in Siemens Ltd gain 1.24 percent. The company reported more than two-fold increase in its September quarter net profit.

Margin improvement is seen across all business verticals on a sequential basis, Motilal Oswal Securities said.

"Operational performance was in line with expectations and adjusted net profit stands above the estimates," it said.

(Reporting by Indulal PM)

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First Published: Nov 26 2014 | 10:14 AM IST

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