Investing.com - Philips reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.18 on revenue of €4.2B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €4.33B. That with comparison to EPS of €0.19 on revenue of €4.2B in the same period a year before.Philips had reported EPS of €0.61 on revenue of €6B in the previous quarter.Analysts are expecting EPS of €0.39 and revenue of €4.89B in the upcoming quarter.
Philips shares are down 8% from the beginning of the year and are trading at €39.72 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 10.6% year to date.
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