PHG Forex News
Philips Cuts FY24 Sales View On Weak China Demand; Shares Hit
Shares of Philips N.V. were losing around 17 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant trimmed its comparable sales growth view for fiscal 2024 after reporting weak sales and orders and flat comparable sales in its third quarter. The sales mainly were hit by further deteriorated demand in China.
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29 days ago
Philips Respironics Warns On Trilogy Ventilator Nebulizers
Philips Respironics, affiliated to Dutch consumer electronics giant, announced additional usage instructions for Trilogy Evo Ventilators related to use of in-line nebulizers. The company has issued an urgent medical device correction in the United States for Trilogy Evo, Trilogy Evo O2, Trilogy Evo Universal, and Trilogy EV300 ventilators regarding the use of in-line nebulizers.
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48 days ago
Philips Q2 Profit Surges, Confirms FY24 View; Stock Climbs
Shares of Royal Philips NV were gaining around 11 percent in the morning trading in Amsterdam as well as in the pre-market activity on the NYSE after the Dutch consumer electronics giant reported Monday significantly higher profit in its second quarter benefited by insurance income related to the Respironics product liability claims, despite flat sales. Further, the company maintained outlook...
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120 days ago
Philips Q1 Loss Widens, Backs FY24 View, Settles Respironics Litigation; Stock Surges
Shares of Philips Electronics NV surged around 47 percent in the morning trading in Amsterdam as well as around 44 percent in the pre-market activity on the NYSE after the Dutch consumer electronics giant announced Monday that Philips Respironics will pay a total of $1.1 billion to settle personal injury and medical monitoring litigation in the US. The company also announced a wider loss in its...
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211 days ago
Philips Q4 Income From Opns Down; To Halt Sleep Devices Sale In US; Stock Dips
Shares of Philips Electronics NV were losing more than 6 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE after the Dutch consumer electronics giant reported Monday a drop in fourth-quarter income from operations amid weak sales. However, the company recorded a net income, compared to last year's loss, mainly driven by lower tax charges.
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302 days ago
Philips' Stock Hit By FDA Warning Against DreamStation 2 CPAP Machines
Shares of Philips Electronics NV were losing around 5 percent in Amsterdam trading as well as in the pre-market activity on the NYSE after the U.S. regulator warned against the safety of Dutch consumer electronics giant's DreamStation 2 Continuous Positive Airway Pressure or CPAP Machines. The Food and Drug Administration or FDA said it is alerting patients and healthcare providers of an emerging
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362 days ago
Philips Avent Digital Video Baby Monitors Recalled
Philips North America, affiliated to Dutch consumer electronics giant Philips Electronics NV, is recalling select Philips Avent Digital Video Baby Monitors citing risk of burn, the U.S. Food and Drug Administration said. The recall involves about 12,850 units of video baby monitors used to remotely monitor infants. They consist of a Baby Unit with camera and a Parent Unit with monitor pair.
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480 days ago
Philips Q1 Loss Widens, Adj. EBITA Rise; Says Confident Of FY23; Stock Climbs
Shares of Philips Electronics NV were gaining around 12 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday higher adjusted EBITA and sales in its first quarter, and said it is confident for fiscal 2023. Net loss, meanwhile, was wider than last year as it set aside a significant litigation provision related to the anticipated resolution...
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582 days ago
Philips Posts Q4 Loss, Plans 6,000 Job Cuts, Sees Growth Ahead; Stock Up
Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.
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666 days ago
Philips Posts Q3 Loss, Warns On Q4 Sales; Cuts Around 4,000 Jobs
Shares of Philips Electronics NV were losing around 3 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE after the Dutch consumer electronics giant reported a loss in its third quarter, compared to prior year's profit, with weak orders. Looking ahead for the fourth quarter, Philips expects a mid-single-digit comparable sales decline.
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764 days ago
