Philips reports 3% rise in quarterly sales

(Reuters) -Dutch medical technology company Philips reported third-quarter revenue in line with analysts' expectations un Tuesday, citing a strong performance in North America.

The company posted a 3% rise in sales to 4.3 billion euros ($5.0 billion), matching analysts' average estimate in a company-compiled poll.

Philips, which makes the biggest share of its revenue in the United States, flagged last quarter that tariffs would have a lower impact than expected following a trade agreement between the EU and United States.

Its adjusted earnings before interest, tax and amortisation (EBITA) came in at 531 million euros, surpassing the 484 million expected by analysts.

($1 = 0.8575 euros)

(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

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