Royal Philips Raises Guidance After Swinging to 3Q Profit

Updated Oct. 23, 2023 1:31 am ET

Royal Philips raised its full-year guidance after swinging to net profit for the third quarter of the year on higher sales, with growth in all segments and geographies.

The Dutch health-technology company said Monday that it now expects to report a 6% to 7% rise in comparable sales this year compared with previous guidance for mid-single-digit comparable growth.

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