The Key Takeaway From Siemens' Earnings
It's usually a good idea to take a look at what a company's rivals are reporting to gauge trends in the end markets they have in common. Unfortunately, in the case of Siemens (OTC: SIEGY), the implications for competitors like Rockwell Automation (NYSE: ROK), General Electric, ABB (NYSE: ABB), and Emerson Electric (NYSE: EMR) aren't great. Let's take a look at what the company's recent third-quarter earnings report means for the industrial sector.
The big news was the sales and orders decline in the digital industries segment.
Siemens is hoping the use of digital technology will help drive industrial automation sales. Image source: Getty Images.
Source Fool.com
