Philips Profit Jumps as Health-Care Orders Recover in the U.S.
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Royal Philips NV’s second-quarter profit jumped 30 percent, driven by growth at the consumer and health-care units, where orders accelerated in North America and emerging economies.
Earnings before interest, taxes, amortization and one-time items totaled 530 million euros ($697 million) compared with 408 million euros a year earlier, the Amsterdam-based company said in a statement today. Profit matched the average estimate of 11 analysts surveyed by Bloomberg. Philips shares added as much as