Shares of Koninklijke Philips N.V. (PHG) are rising more than 14% Monday morning after the company reported improved sales in the first quarter.
Sales in the first quarter increased to 4.167 billion euros from 3.918 billion euros last year, driven primarily by growth in the Diagnosis & Treatment businesses.
The company said its Diagnosis & Treatment businesses' comparable sales increased by 15% in the quarter, with double-digit growth in Ultrasound and Image-Guided Therapy, and mid-single-digit growth in Diagnostic Imaging, driven by continued supply chainimprovements.
Philips reported a loss 663 million euros or 0.75 euros per share from continuing operations for the first quarter, wider than loss of $152 million euros or 0.17 euros per share a year ago.
Excluding one-time items, the company reported earnings from continuing operations of 0.22 euros per share.
PHG is at $21,76 currently. It has traded in the range of $11.75-$26.99 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.