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Siemens sees Q4 results lower than third quarter

FRANKFURT, July 24 (Reuters) - German electronic and engineering giant Siemens AG said on Wednesday it expects fourth-quarter results to come in below third-quarter levels, citing difficult market conditions.

The company also said in a statement it had made a third-quarter loss at its mobile telecom unit (ICM) of nine million euros ($8.91 million), while its fixed-line telecom network (ICN) unit posted a loss of 84 million euros.

Its power generation unit posted a profit of 476 million euros, compared with 197 million a year earlier.

Chief Executive Heinrich von Pierer said in the statement the company was "pursuing previously announced earnings targets despite the challenging fourth quarter and extremely difficult market conditions."