Siemens stock takes off on guidance upgrade, earnings beat


FILE PHOTO Chief Executive Officer CEO of German industrial conglomerate Siemens Roland Busch attends the virtual annual shareholder meeting in Munich Germany February 10 2022. Sven HoppePool via REUTERSFile Photo

FILE PHOTO: Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS/File Photo

ZURICH (Reuters) - Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said it had made a "flying start" to its new business year.

The trains-to-industrial-software group's stock was 7.1% higher in early trading, hitting its highest level since January 2022 and making it the second biggest gainer in the Stoxx Europe 600 Industrial Goods & Services Index.

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