Market Overview

Philips Posts Higher Q2 Profit

Related PHG
Philips Q1 Net Profit Drops
GO Scale Capital Investment Consortium to Acquire 80.1% Stake in Lumileds from Philips for ~$2.8B
U.S. Manufacturing New-Era Champion: Robotics (Investor's Business Daily)

Philips (NYSE: PHG) reported better-than-expected Q2 results.

Philips posted its quarterly net profit of 317 million euros ($416.5 million), versus 102 million euros, in the year-ago period.

Its sales surged 3% to 5.65 billion euros. However, analysts were expecting a net profit of 262 million euros on sales of 5.596 billion euros.

Philips shares closed at $30.75 on Friday.

Posted-In: profitEarnings News


Related Articles (PHG)

Around the Web, We're Loving...

Get Benzinga's Newsletters