Siemens Bearish Bets at Two-Year High Before Earnings
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Traders speculating that lower prices and falling demand will harm profitability at Siemens AG’s biggest business are betting against Europe’s largest engineering company before it reports earnings this week.
Bearish wagers on Siemens rose to the highest since June 2012 relative to bullish calls, according to data compiled by Bloomberg. The company expects lower margins at its energy operation, which contributes more than a third of revenue, in the next two to three years, according to a report last month.