Investing.com - Philips reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.4 on revenue of €4.16B. Analysts polled by Investing.com anticipated EPS of €0.4076 on revenue of €4.19B.
Philips shares are down 14% from the beginning of the year and are trading at €37.56 , down-from-52-week-high.They are under-performing the S&P Global 100 which is up 16.63% from the start of the year.
Philips shares lost 2.23% in intra-day trade the report.
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