Investing.com - Philips reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Philips announced earnings per share of €0.15 on revenue of €3.9B. Analysts polled by Investing.com anticipated EPS of €0.2347 on revenue of €3.89B.
Philips shares are down 24% from the beginning of the year and are trading at €24.72 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 7.96% from the start of the year.
Philips shares lost 12.15% in intra-day trade the report.
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