Setting aside a 288 million settlement provision drags down net profit, yet Philips' (PHG.US) Q3 core profitability metric still exceeds expectations.

Zhitong Finance APP has learned that, thanks to higher sales and stricter cost control, Philips (PHG.US) reported third-quarter 2026 earnings above expectations. The financial report shows that the company's sales were 4.393 billion euros, with nominal growth of 2% and comparable growth of 3%, slightly below the market expectation of about 4.41 billion euros; adjusted diluted earnings per share were 0.40 euros, compared with 0.36 euros in the same period last year.