PHG Shares Rise Despite Posting Flat Y/Y Earnings & Revenue Dip in Q3

Key Takeaways Philips reported stable quarterly earnings despite a slight revenue decline year over year. Growth across all business segments boosted comparable sales and reflected solid market demand. Cost-saving measures and productivity efforts strengthened margins and future growth guidance. Koninklijke Philips (PHG) reported earnings of €0.19 per share, which remained flat year over year.The company’s sales decreased 1.7% on a year-over-year basis to €4.3 billion. Comparable sales increased 3% year ove ...