Investing.com - Philips reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.57 on revenue of €4.94B. Analysts polled by Investing.com anticipated EPS of €0.8064 on revenue of €5.07B.
Philips shares are down 14% from the beginning of the year and are trading at €28.07 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 5.13% from the start of the year.
Philips shares lost 4.51% in intra-day trade the report.
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