Koninklijke Philips NV (ADR) (PHG) Releases Earnings Results, Beats Expectations By $0.15 EPS

Koninklijke Philips NV (ADR) (PHG) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.31. The company posted revenue of $5861.00 million in the period, compared to analysts expectations of $5907.85 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Koninklijke Philips NV (ADR). Koninklijke Philips NV (ADR) was Upgraded by Exane BNP Paribas to ” Outperform” on May 11, 2016.

Koninklijke Philips NV (ADR) opened for trading at $26 and hit $26.11 on the upside on Wednesday, eventually ending the session at $26.02, with a gain of 1.76% or 0.45 points. The heightened volatility saw the trading volume jump to 8,44,890 shares. Company has a market cap of $23,757 M.

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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