Siemens Q4 Earnings Slip - Quick Facts

(RTTNews) - German conglomerate Siemens AG (SI) said its fourth-quarter net income slid to 1.068 billion euros from last year's 1.191 billion euros, and basic earnings per share fell to 1.19 euros from 1.30 euros.

Income from continuing operations came in at 1.075 billion euros, down from 1.230 billion euros a year earlier. Basic earnings per share from continuing operations slipped to 1.20 euros from 1.35 euros last year. The group attributed the decline to lower total sectors profit, which was partly offset by an overall improvement in results outside the sectors.

Revenues for the fourth quarter edged down 1 percent to 21.168 billion euros. On an organic basis, excluding currency translation and portfolio effects, revenues rose 3 percent.

The group said, assuming revenues, on an organic basis, to remain level year-over-year, it expects basic earnings per share for fiscal 2014 to grow by at least 15 percent from 5.08 euros in fiscal 2013.