Koninklijke Philips NV

PHIA: XAMS (NLD)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Philips Earnings: Moving Beyond Calamity

Narrow-moat Philips delivered good operating results, with comparable sales growth up by 2% and the order intake up by 9%. Most importantly, this is the first quarter not dominated by the uncertainty around sleepcare. Philips reiterated its 2024 revenue growth guidance of 3%-5%. We're updating our model to incorporate the latest results.

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