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Royal Philips raises forecast after hitting third-quarter profit

Royal Philips raises forecast after hitting third-quarter profit


Updated October 23, 2023 at 1:31 a.m. ET

Royal Philips raised its full-year guidance after achieving a net profit for the third quarter of the year on the back of higher sales, with growth across all segments and geographies.

The Dutch health technology company said Monday that it now expects to see a 6% to 7% rise in comparable sales this year compared with previous forecasts of mid-single-digit comparable growth.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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