Siemens (SI): FQ4 net profit from continuing ops -2% to €1.48B vs consensus of €1.34B, with...

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI): FQ4 net profit from continuing ops -2% to €1.48B vs consensus of €1.34B, with earnings hurt by a €327M hit at its oil and gas business in Iran because of sanctions. Revenue +7% to €21.7B. Plans to slash €6B in costs by end of FY 2014 and increase operating margins from four core businesses to at least 12% from 9.5% last year. (PR)