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

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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.

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