Why Shares of Royal Philips Jumped Monday
Shares of Dutch medical equipment maker Royal Philips (NYSE: PHG) rose by more than 14% in early trading Monday after the company announced first-quarter earnings. Philips' stock had been lagging because of concerns over the recall of faulty ventilators and sleep apnea masks made by its subsidiary, Philips Respironics, as well as lawsuits connected to the recalls.