Philips shares were 33% higher at 9:00 a.m. London time.
It said it did not admit any fault or liability, or that any injuries were caused by its Respironics devices.
Monday's rebound took Philips shares back to their highest level since April 2022.
Adjusted earnings, meanwhile, beat consensus analyst expectations, according to Reuters, coming in at 388 million euros for the quarter.
Sales were slightly lower year-on-year, at 4.14 billion euros in the first quarter from 4.17 billion euros in 2023.
Persons:
Roy Jakobs, Philips
Organizations:
Philips, Reuters
Locations:
U.S, London