Business & Finance
Philips Earnings Beat Estimates With Boost From US Tariff Refund
Key Points
Philips Earnings Beat Estimates With Boost From US Tariff Refund Royal Philips NV’s operating profitability came in better than expected in the second quarter, as demand for its medical scanners outweighed the impact of tariffs. The Dutch company, which makes a wide range of products from ultrasound scanners to electric toothbrushes, said its adjusted Ebita margin increased to 16.4%, including a benefit from tariff refunds. Analysts had expected an average 11.9% in estimates compiled by...
Philips Earnings Beat Estimates With Boost From US Tariff Refund
Royal Philips NV’s operating profitability came in better than expected in the second quarter, as demand for its medical scanners outweighed the impact of tariffs.
The Dutch company, which makes a wide range of products from ultrasound scanners to electric toothbrushes, said its adjusted Ebita margin increased to 16.4%, including a benefit from tariff refunds. Analysts had expected an average 11.9% in estimates compiled by Bloomberg.