Philips posts $4.8B in sales for Q1, dips 2% from 1 year prior: 4 things to know

Amsterdam-based Royal Philips released its earnings results for the first quarter of 2018 on April 23.

Here are four things to know about the company's performance.

1. Philips posted €3.94 billion (an estimated $4.82 billion) in sales for the first quarter, down 2 percent from €4.03 billion (an estimated $4.93 billion) during the same period last year.

2. The company reported €1.53 billion (an estimated $1.87 billion) in sales for its diagnosis and treatment business segment, up 3 percent from €1.49 billion (an estimated $1.82 billion) during the first quarter of 2017.

3. Philips reported sales for its connected care and health informatics business segment remained constant at €663 million (an estimated $811.04 million) during the first quarter, compared to €732 million (an estimated $895.45 million) during the first quarter of 2017.

4. The company posted a net income from continuing operations of €94 million (an estimated $114.99 million), down 27 percent from €128 million (an estimated $156.58 million) one year prior.

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