Royal Philips (NYSE:PHG) shares are up today after the Dutch healthcare conglomerate said core second-quarter profits rose nearly 15% to $512.31 million (€439 million), just beating the consensus forecast.
The Amsterdam-based company, which spun off its lighting division last year to focus on medical devices and healthcare product, said sales grew 4% to $5.01 billion (€4.29 billion) on “strong” order intake.
Analysts were looking for adjusted earnings before interest, taxes, and amortization (EBITA) of $511.1 million (€438 million).
