Siemens Energy Q1 Net Loss Widens, Cuts FY23 View; Stock Down

Shares of Siemens Energy AG were losing around 5 percent in German trading after the energy development company reported Tuesday wider net loss in its first quarter and adjusted fiscal 2023 forecast to now expect net loss same as the prior year. Revenues and orders for the quarter, however, climbed and the company maintained its fiscal 2023 revenue forecast.

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