Siemens Quarterly Profit Surge Comes With Cautious Outlook

  • Fourth-quarter profit beats estimates, led by health, software
  • Industrial giant expects auto slump to hurt some businesses
CEO Joe Kaeser discusses the German economy, and the outlook for Siemens in 2020.(Source: Bloomberg)
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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.