Royal Philips Raises Steering After Swinging to 3Q Revenue

Royal Philips raised its full-year steerage after swinging to web revenue for the third quarter of the 12 months on larger gross sales, with progress in all segments and geographies.

The Dutch health-technology firm mentioned Monday that it now expects to report a 6% to 7% rise in comparable gross sales this 12 months in contrast with earlier steerage for mid-single-digit comparable progress.