Siemens quarterly profit jumps 27pc

BERLIN, July 31 (AFP): German industrial giant Siemens posted a jump in quarterly profits on Thursday, despite troubles in its energy sector and the impact of a strong euro.
Siemens, which runs its business year from October to September, slightly beat analyst forecasts by posting a 27 per cent increase in net profit for the third quarter to 1.37 billion ($1.84 billion).
Germany's second-largest company by revenue also confirmed its guidance for the fiscal year.
The electrical and engineering giant predicted 2014 revenues to remain level year-on-year with earnings per share up at least 15 per cent.