Investing.com - Philips reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.28 on revenue of €3.8B. Analysts polled by Investing.com anticipated EPS of €0.2397 on revenue of €4.2B.
Philips shares are up 11% from the beginning of the year and are trading at €48.80 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.1% from the start of the year.
Philips shares lost 3.09% in intra-day trade following the report.
Philips follows other major Healthcare sector earnings this month
Philips's report follows an earnings missed by Kiadis Pharma on Wednesday, April 7, 2021, who reported EPS of €-1.57 on revenue of €17.50M, compared to forecasts EPS of €-0.2573 on revenue of €0.00.
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