Philips Q2 Earnings: A Focus On Core Strengths Is The Winning Strategy
PHGPhilips(PHG) Seeking Alpha·2024-07-30 04:12

Willie B. Thomas Shares of Koninklijke Philips N.V. (NYSE:PHG) surged following a strong second quarter earnings report highlighted by momentum in comparable sales and expanding profitability margins. The stock is up nearly 30% this year and trading at its highest level since early 2022. It's been quite the turnaround for the medical technology and consumer health products giant, moving past the impacts of a global safety recall from its Respironics unit. A series of litigation settlements has allowed the c ...