Investing.com - Koninklijke Philips (NYSE:PHG) ADR reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Koninklijke Philips ADR announced earnings per share of €0.1432 on revenue of €4.3B. Analysts polled by Investing.com anticipated EPS of €0.2997 on revenue of €4.36B.
Koninklijke Philips ADR shares are down 39.92% from the beginning of the year, still down 54.56% from its 52 week high of €48.72 set on September 7, 2021. 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 UnitedHealth on July 15, who reported EPS of €5.57 on revenue of €80.33B, compared to forecasts EPS of €5.21 on revenue of €79.68B.
J&J had beat expectations on July 19 with second quarter EPS of €2.59 on revenue of €24.02B, compared to forecast for EPS of €2.54 on revenue of €23.77B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar