Koninklijke Philips (NYSE:PHG) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.20 by 31 percent. This is a 6.43 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $4.31 billion which beat the analyst consensus estimate of $4.10 billion by 5.16 percent. This is a 4.14 percent decrease over sales of $4.49 billion the same period last year.