Investing.com - Philips reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Philips announced earnings per share of €0.35 on revenue of €4.4B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €4.38B.
Philips shares are up 5% from the beginning of the year and are trading at €45.84 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 1.69% from the start of the year.
Philips shares gained 5.56% in intra-day trade the report.
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