On Tuesday, the Dutch medical - technology giant Philips revealed that its revenue for the third quarter hit 4.3 billion euros (roughly $5 billion). This figure represents a 3% year - on - year growth and is in line with what analysts had predicted. The main catalyst for this positive result was the robust performance in the North American market. It's worth noting that Philips depends significantly on the U.S. market for a substantial portion of its revenue. In the preceding quarter, the company had already indicated that the impact of tariffs would be less severe than initially anticipated. This was mainly because of the trade agreement that had been struck between the EU and the U.S. The use of "revealed" instead of "announced" adds a bit more of a sense of unveiling important information. "Roughly" is a more commonly used colloquial term than "approximately" in this context. "Catalyst" is a more vivid and precise word for something that drives growth compared to "driving force". "Preceding quarter" is a more natural way to refer to the quarter before the current one in English, and "less severe" is a more idiomatic expression than "lower" when describing the impact of tariffs.