Siemens AG chief executive Peter Loescher expects the profit margin for the company's diagnostics business to improve in the third quarter.
Reuters reports that Loescher told an investor conference that the lackluster global economy continues to affect Siemens Healthcare, particularly in the U.S.
Reuters quoted Loescher as saying that Siemens' medical imaging business was "holding up well in difficult markets" and that the U.S. imaging market had not reached a trough yet.
Second-quarter revenue within Siemens Healthcare increased 4% to 2.98 billion euros ($4.17 billion U.S.), with the division's operating margin climbing 15% percent from 14% in the same period last year.
Related Reading
Siemens highlights Acuson upgrade at ASE, June 9, 2009
Siemens to show latest IT at SIIM 2009, June 3, 2009
Siemens installs first Essenza in U.K., May 19, 2009
FDA OKs Siemens' 16-slice PET/CT, May 8, 2009
Siemens hits Definition AS milestone, May 6, 2009
Copyright © 2009 AuntMinnie.com
