Philips Reports Strong Customer Demand, Improved Profitability
Philips tops Q3 profit and revenue estimates on strong Connected Care sales, reaffirming full-year guidance despite a 288 million euros DOJ settlement.
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Why It Matters
Philips made more money than people expected this quarter. Even though they paid a big fine, the company still feels good about the rest of the year.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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