BERLIN, Aug 3 Reuters U.S.German medical device maker Siemens Healthineers reported a dip in its thirdquarter earnings on Wednesday, as revenue from rapid COVID19 antigen tests dropped and COVID19 lockdowns in China took their toll on business.

Net income fell 8 year on year to 364 million euros 370 million, the company said. Analysts had expected a rise to 415 million euros, according to a consensus published on Healthineers39; website.

Adjusted earnings before interest and tax EBIT dropped 19 to 765 million euros on revenues of 5.19 billion euros, compared to 5 billion euros a year ago.

The company stuck with its outlook for the 2022 financial year as supplychain headwinds and COVID19 lockdowns pushed some sales into next quarters.

It said it expected comparable revenue growth of between 5.5 and 7.5 and adjusted basic earnings per share of between 2.25 euros and 2.35 euros.

Supplychain headwinds and pandemicrelated lockdowns pushed out some sales into the next quarters, and cost increases burdened profits, Chief Executive Bernd Montag said.

1 0.9826 euros

Writing by Rachel More, editing by Kirsti Knolle and Maria Sheahan

Source Reuters