Koninklijke Philips NV (ADR) (PHG) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Koninklijke Philips NV (ADR) (PHG) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.12. The company posted revenue of $5517.00 million in the period, compared to analysts expectations of $5351.65 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Koninklijke Philips NV (ADR). Koninklijke Philips NV (ADR) was Upgraded by HSBC Securities to ” Hold” on Mar 1, 2016. Koninklijke Philips NV (ADR) was Downgraded by Jefferies to ” Underperform” on Feb 16, 2016.

Koninklijke Philips NV (ADR) closed down -0.06 points or -0.21% at $28.28 with 9,68,041 shares getting traded on Friday. Post opening the session at $28.45, the shares hit an intraday low of $28.18 and an intraday high of $28.475 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare Consumer Lifestyle and Lighting. It operates in the Innovation Group & Services (IG&S) sector. The Healthcare segment includes imaging systems customer services healthcare informatics solutions and services and patient care and monitoring solutions. The Consumer lifestyle segment includes personal care domestic appliances and health and wellness solutions. The Lighting segment offers various lighting solutions across a range of market segments. The Innovation Group & Services sector includes the activities of Group Innovation and Group and regional management organizations. Additionally the global shared business services for procurement finance human resources information technology (IT) and real estate are reported in this sector. It has around 93 production sites in 25 countries and sales and service outlets in approximately 100 countries.

Koninklijke Philips NV (ADR)

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