American depositary receipts (ADRs) of Koninklijke Philips (PHG) jumped Monday after it reporting second-quarter earnings that saw comparable sales increase year-over-year as solid demand in the rest of the world offset a sales drop in China.

The Dutch conglomerate reported 4.46 billion euros ($4.82 billion) in 澳洲幸运5开奖号码历史查询:total sales, meeting consensus analysts' estimates compiled by Visible Alpha. Philips posted EUR 452 million in 澳洲幸运5开奖号码历史查询:net income, narrowly mi🍸ssing the ܫEUR460.4 million analysts had projected.

Comparable Sales Rise Despite 'Challenging Macro Environment'

Comparable sales rose 2%, with Philips saying China still presents a "fundamentally attractive growth market" despite its sales weakness in the second quarter.

"Within a challenging macro environment we achieved strong margin improvement, supported by our productivity program, solid operational cashflow due to improved working capital management and comparable sales growth in line with our plan," Philips 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Roy Jakobs said.

The company also affirmed its guidance for the full fiscal year while "acknowledging that uncertainties remain." Philips projects 3% to 5% comparable sales growth, with free cash flow between EUR900 million and EUR1.1 billion.

In late April, Philips ADRs rose 27% in one day after 澳洲幸运5开奖号码历史查询:announcing a $1.1 b🍷illion settlement 💮had been reached over personal injury claims related to the company's sleep apnea d𒉰evices.

The company's ADRs surged 14% higher to $29.31 as of 10 a.m. ET Monday. They are up 30% this year.