Philips Aktie

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WKN: 940602 / ISIN: NL0000009538

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29.07.2024 16:47:35

Why Koninklijke Philips Stock Jumped 14% Today

Koninklijke Philips (NYSE: PHG) stock surged 14.5% through 10:05 a.m. ET Monday after the company reported strong earnings this morning.Analysts had forecast the Dutch medical devices company would earn $0.27 per share on sales of $4.8 billion, according to data from Yahoo! Finance. Philips' sales of 4.5 billion euros roughly matched that prediction. Net earnings were 452 million euros -- about 0.48 cents per share -- which works out to about $0.52 per share. Management painted a picture of modest sales growth (up 2% year over year) that is nevertheless accelerating. Segment by segment, Philips' diagnosis and treatment division performed best with sales growth of 4%. The connected care and personal healthcare divisions both showed only 2% growth. Still, despite slow sales in the quarter, Philips said that "comparable order intake" rose 9% year over year in Q2 2024, foreshadowing faster growth ahead.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Philips N.V. 22,50 -1,75% Philips N.V.
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