Investing.com - Koninklijke Philips (NYSE:PHG) ADR reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Koninklijke Philips ADR announced earnings per share of €0.4705 on revenue of €4.98B. Analysts polled by Investing.com anticipated EPS of €0.4694 on revenue of €4.99B.
Koninklijke Philips ADR shares are down 11.5% from the beginning of the year, still down 21.71% from its 52 week high of €61.23 set on April 23. They are under-performing the EUR/USD which is down 0% from the start of the year.
Koninklijke Philips ADR follows other major Healthcare sector earnings this month
Koninklijke Philips ADR's report follows an earnings beat by Novartis ADR on Wednesday, who reported EPS of €1.66 on revenue of €12.96B, compared to forecasts EPS of €1.56 on revenue of €12.55B.
Biogen had beat expectations on Thursday with second quarter EPS of €5.68 on revenue of €2.78B, compared to forecast for EPS of €4.55 on revenue of €2.61B.
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