Siemens (SI $128.83 -3.17) is trading lower by 3% this morning after providing a Q3 (June) update. The company said net orders will increase from the prior year, revenue will also exceed the prior year but will not increase from Q2's 17.7 bln euros, and net income will be only slightly above the prior year's 1.4 bln euros due to a one-time payment as a result of a negative court ruling.
SI said it sees easing growth in 2H12 due to tougher comps as the stimulus from the economic recovery fades.






