Philips Posts Rise In Q3 Profit


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Royal Philips NV (NYSE: PHG) reported a gain in its third-quarter net profit. Philips's quarterly net profit climbed to 282 million euros ($385.7 million), versus EUR105 million, in the year-ago period. Its sales declined 3% to EUR5.62 billion.Philips shares gained 5.36% to $35.36 in pre-market trading.

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Posted In: EarningsNewsprofit