Koninklijke Philips Q3 2024 Adj. EPS €0.32 Misses €0.35 Estimate, Sales €4.377B Miss €4.538B Estimate
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips reported Q3 2024 earnings per share of €0.32, missing the analyst estimate of €0.35. Sales were €4.377 billion, also below the expected €4.538 billion, marking a 10.05% decrease from the previous year.
October 28, 2024 | 6:06 am
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NEGATIVE IMPACT
Koninklijke Philips' Q3 2024 earnings and sales both missed analyst estimates, with EPS at €0.32 and sales at €4.377 billion. This reflects a 10.05% decrease in sales from the previous year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The significant year-over-year decrease in sales further adds to the negative sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100