U.S. Stocks Rise, Philips (PHG.US) Up 3% with Adjusted Q3 EBITA Beating Expectations

According to the WiseFinance APP, on Tuesday, Philips (PHG.US) rose by 3% to $28.05. The financial report shows that Philips' Q3 sales fell by 2% year-on-year to 4.302 billion euros, in line with market expectations; comparable sales increased by 3%, with comparable sales in North America increasing by 5%. Adjusted earnings before interest, tax, and amortization (EBITA) were 531 million euros, better than the market's expected 484 million euros. Adjusted earnings per share were 0.36 euros. Philips reiterated its full-year performance guidance for 2025, expecting comparable sales to grow by 1%-3% for the year, and expects the adjusted EBITA margin to range between 11.3% and 11.8%.