India, July 29 -- Shares of Royal Philips N.V. were surging around 10 percent in the morning trading in Amsterdam as well as in the pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday raised its fiscal 2025 margin outlook, benefited by lower tariff impact, and maintained fiscal 2025 comparable sales growth view.
Meanwhile, the company issued weak margin outlook for its third quarter after reporting sharply lower profit in its second quarter with weak sales, despite margin growth.
Separately, Philips announced a significant new multi-year contract with Indonesia's Ministry of Health to deliver its advanced Azurion image-guided therapy systems across the country. The initiative aims to expand access to car...