Philips posts Q2 profit beat, boosted by North America orders

(Reuters) – Philips reported second-quarter earnings that beat analysts’ expectations on Monday, boosted by its order intake in North America.

The medical devise maker posted an 11% rise in its adjusted earnings before interest, tax and amortisation (EBITA) to 495 million euros ($537.4 million), beating the 433 million euros expected by analysts in a company-compiled poll.

($1 = 0.9211 euros)

(Reporting by Stéphanie Hamel and Charlotte Bawol in Gdansk; Editing by Milla Nissi)