Philips : Lowering the outlook
>Quality of the earnings beat is low - Philips 3Q results reported revenues in line with consensus and a beat on Adj EBITA of 5%. However the quality of the beat is low. Diagnosis & Treatment (D&T) beat by 3%, Connected Care (CC) missed by 37%, Personal Health (PH) missed by 2% and Other more than compensated for all the rest showing a profit instead of the usual losses. In D&T Comparable Sales Growth (CSG) was 10% (cons 11%), with double-digit growth in Image-Guided ...Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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