Philips third-quarter core profit rises 3% on strong demand
Philips` numbers were in line with preliminary results released earlier this month, when the company warned it would miss its 2019 profit margin target due to trade tariffs and poor results at its Connected Care arm.
Dutch health technology company Philips said on Monday its core earnings rose 2.6% in the third quarter to 583 million euros ($646.3 million), as demand for its medical equipment remained strong around the globe.
Philips` numbers were in line with preliminary results released earlier this month, when the company warned it would miss its 2019 profit margin target due to trade tariffs and poor results at its Connected Care arm.
($1 = 0.9021 euros)
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