US Stock Moves | Q3 Core Earnings Surpass Expectations, Philips (PHG.US) Rises Over 6% Pre-market

Smart Finance APP has learned that on Tuesday, Philips (PHG.US) rose over 6% in pre-market trading, reaching $29.28. According to reports, benefiting from higher sales and stricter cost controls, Philips' Q3 2026 profits exceeded expectations. The financial report shows the company’s sales reached €4.393 billion, a nominal increase of 2% and a comparable increase of 3%, slightly below market expectations of about €4.41 billion. Adjusted diluted earnings per share were €0.40, compared to €0.36 in the same period last year. Comparable orders increased by 8%, driven by strong demand from the Diagnosis & Treatment business segment. Adjusted EBITA was €569 million with a profit margin of 13.0%, an increase of 70 basis points year-on-year, and significantly above the market expectation of 11.9%. Operating cash flow was €544 million, and free cash flow was €384 million, both showing significant year-on-year improvement.