SI Retains FY09 View

Siemens AG (SI - Analyst Report) retained its outlook for its fiscal year, the company’s CFO Joe Kaeser said in a report late Thursday.

"As long as we have no new guidance the old one is valid," said Kaeser, who did not elaborate on whether the company would lower its guidance after it reports second-quarter results on Apr 29.

Siemens targeted an operating profit of 8 billion euros ($10.8 billion) to 8.5 billion euros from its three main sectors - energy, industry and health care, by the end of January of fiscal 2009.

Shares of SI, a Zacks #3 Rank ("Hold") stock, fell as much as 3% today.