Siemens Healthineers Q3 profit, cash flow fall on COVID test wind-up By Reuters

© Reuters. FILE PHOTO: Siemens Healthineers brand in a producing plant in Forchheim close to Nuremberg, Germany, October 7, 2016. REUTERS/Michaela Rehle/File Picture

(Reuters) – U.S.-German medical system maker Siemens Healthineers on Wednesday reported a drop in quarterly working revenue and free money move because of the tailing-off of its speedy COVID-19 antigen take a look at enterprise.

Adjusted earnings earlier than curiosity and taxes (EBIT) fell to 740 million euros ($812.59 million) within the third quarter, under the 773 million euros anticipated by analysts in accordance with a consensus offered by the corporate.

Free money move was down 40% in contrast with the identical quarter final yr, at 285 million euros.

($1 = 0.9084 euros)