Siemens Raises Outlook as Lower Tax Offsets China, Oil Slump

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  • Engineering firm sees higher earnings per share than expected
  • Shares gain most since 2009 as investors welcome confidence

We Can Deliver Better than Anticipated: Siemens CEO

Siemens AG gained the most in almost seven years after unexpectedly raising its full-year profit outlook, as investors welcomed Chief Executive Officer Joe Kaeser’s confidence that the German engineering firm can ride out a slowdown in China and drop in oil prices.

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