Koninklijke Philips NV (ADR) (PHG) was Initiated by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Nov 23, 2016.
On the company’s financial health, Koninklijke Philips NV (ADR) reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.37. The company had revenue of $5898.00 million for the quarter, compared to analysts expectations of $5946.04 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Koninklijke Philips NV (ADR) closed down -0.22 points or -0.76% at $28.8 with 8,88,197 shares getting traded on Monday. Post opening the session at $28.79, the shares hit an intraday low of $28.68 and an intraday high of $28.86 and the price fluctuated in this range throughout the day.Shares ended Monday 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.