Investing.com - Philips reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Philips announced earnings per share of €0.4 on revenue of €4.23B. Analysts polled by Investing.com anticipated EPS of €0.4068 on revenue of €4.2B.
Philips shares are down 10% from the beginning of the year and are trading at €39.02 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.31% from the start of the year.
Philips shares lost 4.28% in intra-day trade the report.
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