Royal Philips Q4 Adjusted Income Rises, Sales Fall

MT Newswires Live
02-19

Royal Philips (PHG) reported Q4 adjusted income from continuing operations Wednesday of 0.51 euro ($0.53) per diluted share, up from 0.40 euro a year earlier.

Analysts polled by FactSet expected 0.52 euro.

Sales for the quarter were 5.04 billion euros, down from 5.06 billion euros a year earlier.

A single analyst surveyed by FactSet expected 5 billion euros.

For 2025, the company said it expects comparable sales to grow between 1% to 3%.

The company's shares were down nearly 11% in premarket activity.

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