How did PHG's Q4 2023 earnings surprise impact investor sentiment?

Koninklijke Philips (PHG) reported an earnings per share (EPS) surprise of -0.19 for Q4 2023, which indicates the company's actual performance fell short of analysts' expectations. This negative surprise likely contributed to a decline in investor sentiment, as reflected by the popularity ranking of 23rd among investors on October 7, 2023. The market's reaction to earnings surprises can be complex, but in general, a negative surprise like this one tends to lead to a decrease in investor confidence and may result in a negative impact on the stock's performance.