Philips beats expectations as net profit climbs 10.8%.
Philips (PHG) Q2 earnings topped forecasts as the Dutch company continued to reap the fruits of its €1.1B savings and restructuring program. Net profit climbed 10.8% to €317M, while revenue rose 3% to €5.65B on a comparable basis, with the company enjoying growth across its businesses. Philips is concerned about "economic uncertainties around the world" but is on track to achieve full-year targets. Shares rose 3.7% premarket.
Philips beats expectations as net profit climbs 10.8%. Philips...
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