UPDATE: Siemens Reports 67% Drop In FQ3 Profit

Siemens AG SI reported a 67% decline in its fiscal third-quarter profit. Siemens reported its quarterly profit at 462 million euros. Its total revenue climbed 2.4% to 17.84 billion euros. Its new orders climbed 20% to 22.9 billion euros. Analysts were expecting a net profit of 949 million euros and new orders of 22.15 billion euros. SI shares dropped 4.06% to close at $129.45 yesterday.