Why Shares in Siemens Slumped Today
Rockwell Automation(ROK) The Motley Fool·2024-03-20 01:03
Shares in German industrial giant Siemens (SIEGY -5.87%) were down by more than 6% at 11 a.m. ET this morning. The move comes after CFO Ralf Thomas's presentation at a Bank of America Industrials Conference warned of slower-than-expected orders growth at its key digital industries segment in its financial second quarter.What Siemens's management saidThe digital industries segment comprises Siemens's automation, motion control, and industrial software businesses. It's seen as its most exciting long-term grow ...