Investing.com - Koninklijke Philips (NYSE:PHG) ADR reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Koninklijke Philips ADR announced earnings per share of €0.6468 on revenue of €5.61B. Analysts polled by Investing.com anticipated EPS of €0.9105 on revenue of €5.74B.
Koninklijke Philips ADR shares are down 14% from the beginning of the year, still down 47.89% from its 52 week high of €61.23 set on April 23, 2021. They are under-performing the Euro Stoxx 50 which is down 5.13% from the start of the year.
Koninklijke Philips ADR shares lost 3.65% in intra-day 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 Wednesday, who reported EPS of €4.48 on revenue of €73.74B, compared to forecasts EPS of €4.3 on revenue of €72.98B.
Intuitive Surgical had beat expectations on Thursday with fourth quarter EPS of €1.3 on revenue of €1.55B, compared to forecast for EPS of €1.28 on revenue of €1.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar