CORRECTION: Koninklijke Philips Q1 Adj. EPS $0.28, Inline, Sales $4.49B Beat $4.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips (NYSE:PHG) reported Q1 adjusted EPS of $0.28, meeting analyst estimates, and sales of $4.49B, slightly beating the $4.46B estimate. This represents a 16.67% increase in earnings and a 0.49% increase in sales over the same period last year.
April 29, 2024 | 12:26 pm
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Koninklijke Philips reported a 16.67% increase in earnings per share and a 0.49% increase in sales compared to the same period last year, with Q1 adjusted EPS at $0.28 and sales at $4.49B, slightly above estimates.
The positive earnings report from Koninklijke Philips, showing both a year-over-year increase in earnings and sales, and beating analyst estimates, is likely to instill confidence in investors. The alignment with estimates on EPS and a slight beat on sales forecasts suggest a stable financial performance, which could lead to a positive short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100