By Helena SmolakSiemens Healthineers posted a sharp increase in net profit for its second quarter on lower expenses and backed its full-year outlook. Revenue rose to EUR5.435 billion from EUR5.35 billion, with growth in its imaging, diagnostics and advanced therapies offsetting a decline in its Varian radiation-oncology business. Adjusted earnings before interest and taxes rose to EUR822 million from EUR764 million, while the margin expanded to 15.1% from 14.3%. Analysts had expected Siemens Healthineers to report a net profit of EUR468 million, adjusted EBIT of EUR838 million and revenue of EUR5.475 billion, according to consensus estimates provided by Vara Research. Write to Helena Smolak at helena.smolak@wsj.com -0-(END) Dow Jones NewswiresMay 07, 2024 01:28 ET (05:28 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal May 07, 2024 05:40 UTC