Koninklijke Philips Q2 2024 Adj EPS €0.30 Beats €0.25 Estimate, Sales €4.462B Beat €4.430B Estimate
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips (NYSE:PHG) reported Q2 2024 earnings of €0.30 per share, beating the €0.25 estimate by 20%. Sales were €4.462 billion, slightly above the €4.430 billion estimate but down 8.38% from last year.
July 29, 2024 | 5:03 am
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Koninklijke Philips reported Q2 2024 earnings of €0.30 per share, beating the analyst estimate of €0.25. Sales were €4.462 billion, slightly above the €4.430 billion estimate but down 8.38% from last year.
The earnings per share (EPS) beat by 20% is a strong positive signal, indicating better-than-expected profitability. Although sales were down year-over-year, they still surpassed analyst estimates, which should be viewed positively by investors.
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