Dutch consumer electronics giant Koninklijke Philips N.V. (PHGFF.PK,PHG) reported Monday that its third quarter net income attributable to shareholders climbed to 181 million euros from last year's 88 million euros, reflecting higher gross margin and lower Respironics field action running costs, partly offset by higher tax expenses. On a per share basis, quarterly earnings rose to 0.19 euros from 0.09 euros in the previous year.
But sales for the third quarter declined to 4.38 billion euros from 4.47 billion euros in the prior year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.