Philips beats quarterly profit estimates driven by higher sales, gross margin

Nov 3 (Reuters) - Dutch healthcare technology manufacturer Philips (PHG.AS), opens new tab beat market expectations for third-quarter core earnings on Tuesday, driven by higher sales and ⁠gross margin alongside productivity measures.

Philips, which sells products ranging from toothbrushes to medical imaging systems, reported a 7.2% rise in ⁠its adjusted earnings before interest, taxes and amortisation to €569 million ($637 ⁠million), exceeding a consensus estimate of €522 million provided ⁠on the company's website.

($1 = 0.8937 ⁠euros)

Reporting by Lucie Barbier in Gdansk, editing by Milla Nissi-Prussak