Philips (PHG) Tops Q3 EPS by 10c

Philips (NYSE: PHG) reported Q3 EPS of EUR0.33, EUR0.10 better than the analyst estimate of EUR0.23. Revenue for the quarter came in at EUR4.47 billion versus the consensus estimate of EUR4.66 billion.

Outlook for full-year 2023 raised to 6%-7% comparable sales growth and an Adjusted EBITA margin of 10-11% for the full year 2023, with free cash flow at the upper end of the target range of €0.7 billion-€0.9 billion.

For earnings history and earnings-related data on Philips (PHG) click here.

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