Koninklijke Philips Electronics NV Earnings: Here’s Why Shares are Down Now

Koninklijke Philips Electronics NV (NYSE:PHG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.82%.

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Koninklijke Philips Electronics NV Earnings Cheat Sheet

Revenue: Decreased 29.74% to $5.26 billion from the year-earlier quarter.

Key Stats (on next page)…

Revenue decreased 47.54% from $10.02 billion in the previous quarter. EPS decreased 72.73% from $0.66 in the previous quarter.

Looking Forward: For the current year, the average estimate has moved down from a profit of $1.80 to a profit of $1.77 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)