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Philips stock fell more than 16% Monday after the Dutch medical device giant lowered its sales outlook on continued lower demand in China.The company reported revenue of $4.6 billion in the third ...
Yahoo Finance Live anchors discuss the drop in shares for Philips after the company issued its second profit warning.
Exor announced on Aug. 14 it had taken a 15% stake in Philips for $2.8 billion in a surprise move, saying it viewed shares as undervalued after a global recall of respiratory devices the company ...
Philips lost more than two-thirds of its market valuation in 2021-2022, but has staged a modest recovery in 2023. "This is negative news," analysts from Bernstein said in a note.
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Following this announcement, Philips' stock experienced a 3.3% rise in Amsterdam, reflecting a positive market reaction. Philips stock has gained more than 27% in the last 12 months.
News. Science & Tech. Shopping. Sports. Weather. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... At its nadir, Philips stock had fallen 70% because of the ...
(Reuters) -Health technology group Philips posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its ...