Investing.com - Koninklijke Philips (NYSE:PHG) ADR reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Koninklijke Philips ADR announced earnings per share of €0.1616 on revenue of €4.2B. Analysts polled by Investing.com anticipated EPS of €0.2607 on revenue of €4.31B.
Koninklijke Philips ADR shares are down 17.67% from the beginning of the year, still down 48.58% from its 52 week high of €59.00 set on April 26, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Koninklijke Philips ADR shares lost 12.39% in pre-market trade following the report.
Koninklijke Philips ADR follows other major Healthcare sector earnings this month
Koninklijke Philips ADR's report follows an earnings beat by UnitedHealth on April 14, who reported EPS of €5.49 on revenue of €80.15B, compared to forecasts EPS of €5.36 on revenue of €78.73B.
J&J had beat expectations on April 19 with first quarter EPS of €2.67 on revenue of €23.43B, compared to forecast for EPS of €2.59 on revenue of €23.62B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar