Investing.com - Philips reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Philips announced earnings per share of €0.14 on revenue of €4.17B. Analysts polled by Investing.com anticipated EPS of €0.2882 on revenue of €4.19B.
Philips shares are down 33% from the beginning of the year and are trading at €21.75 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 15.25% from the start of the year.
Philips shares lost 100.00% in pre-market trade after the report.
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