Investing.com - Koninklijke Philips (NYSE:PHG) ADR reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Koninklijke Philips ADR announced earnings per share of €0.25 on revenue of €4.30. Analysts polled by Investing.com anticipated EPS of €0.24 on revenue of €4.49B.
Koninklijke Philips ADR shares are down 64.53% from the beginning of the year, still down 72.95% from its 52 week high of €48.31 set on November 8, 2021.
Koninklijke Philips ADR follows other major Healthcare sector earnings this month
Koninklijke Philips ADR's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of €5.79 on revenue of €80.9B, compared to forecasts EPS of €5.43 on revenue of €80.52B.
J&J had beat expectations on October 18 with third quarter EPS of €2.55 on revenue of €23.79B, compared to forecast for EPS of €2.52 on revenue of €23.46B.
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