By Cecilia Butini

Siemens Healthineers AG said Monday that net income and revenue fell in the fourth quarter of fiscal 2020.

The German medical-equipment maker posted net income of 432 million euros ($503.1 million) for the quarter ended Sept. 30 down from EUR507 million a year earlier.

Revenue came in at EUR3.88 billion for the period compared with EUR4.14 billion the previous year.

A consensus estimate provided by Vara Research had quarterly net profit at EUR402 million and quarterly revenue at EUR3.90 billion.

Adjusted basic earnings per share were EUR0.48 in the quarter down from EUR0.54 the year prior.

The company's equipment book-to-bill ratio--or the ratio of orders to revenue--was 1.15 in the fourth quarter, supported by major long-term contracts in the U.S., it said

The company issued guidance for fiscal 2021, saying it expects comparable revenue growth between 5% and 8% from fiscal 2020, and adjusted basic earnings per share between EUR1.58 and EUR1.72, from a comparable prior-year figure of EUR1.61.

Siemens Healthineers added that the outlook is based on the assumption that measures to stem the spread of the coronavirus won't affect demand.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

11-02-20 0144ET