Siemens Quarterly Profit Surge Comes With Cautious Outlook

Siemens AG beat expectations for fourth-quarter profit, while warning a manufacturing slowdown will lead to a decline in some factory-equipment volumes next year.

Europe’s biggest engineering company put forward the cautious outlook Thursday after its health and software operations helped to boost its main profit indicator by a fifth. Adjusted earnings before interest, taxes, and amortization from the company’s industrial businesses totaled 2.64 billion euros ($2.92 billion), 12% higher than analysts had expected. The shares rose as much as 2.4%.

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