Philips rises after beating adjusted EBITA estimates

** Shares in Philips PHG.AS are up 4.5%, topping the main Amsterdam AEX .AAX index, after the Dutch healthcare technology manufacturer beat adjusted earnings estimates

** The company reported a 7.2% rise in its adjusted EBITA to €569 million ($636.71 million), while analysts were expecting €522 million

** Jefferies notes that the margin was surprisingly up in Q3, despite Philips previously guiding for margin erosion in the quarter

** Philips also reached an agreement in principle with the US Department of Justice over sleep and respiratory-care devices recall, and booked a €288 million provision in Q3

** KBC Securities welcomed the development, saying that most of the uncertainty related to the investigations has now been resolved, noting that the economic outflow related to these investigations was somewhat expected

** If gains hold, the stock is on track for its best day since February 2026, when it closed 11.8% higher

($1 = 0.8937 euros)