Investopedia: According To Siemens, An Industrial Rebound May Not Be Around The Corner

For the first half of 2012, most large industrial companies repeated a similar refrain - first half results were weak due to problems in Europe and China, but the second half would be better. If recent comments from Siemens' (NYSE:SI) CFO are broadly applicable, though, that rebound may not materialize as hoped.

Siemens Finding Its Targets Harder to Hit
Siemens has been one of the more relatively conservative industrial conglomerates for a little while now, as CFO Joe Kaeser started the year off by telling the Wall Street Journal that full-year guidance was going to be "ambitious." Mr. Kaeser recently updated these views, suggesting that the company's financial targets for the second half were getting even harder to reach.

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