Philips Q2 Profit Surges, Confirms FY24 View; Stock Climbs

Shares of Royal Philips NV were gaining around 11 percent in the morning trading in Amsterdam as well as in the pre-market activity on the NYSE after the Dutch consumer electronics giant reported Monday significantly higher profit in its second quarter benefited by insurance income related to the Respironics product liability claims, despite flat sales. Further, the company maintained outlook...

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