Investing.com - Philips reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.28 on revenue of €3.8B. Analysts polled by Investing.com anticipated EPS of €0.2397 on revenue of €4.2B.
Philips shares are up 11% from the beginning of the year and are trading at €48.80 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.1% from the start of the year.
Philips shares lost 3.09% in intra-day trade the report.
Philips follows other major Healthcare sector earnings this month
Philips's report follows an earnings missed by Kiadis Pharma on April 7, who reported EPS of €-1.57 on revenue of €17.50M, compared to forecasts EPS of €-0.2573 on revenue of €0.00.
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