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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 ...
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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.
October 12, 2022 at 9:44 AM
Philips shares plunged Wednesday (January 12) after it warned on earnings.The stock was down over 11% in early trades. Philips said profits would be down about 40% in the fourth quarter. It's ...
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For example, NVIDIA — a manufacturer of high-end graphics processing units — saw its stock price soar 8 percent during after-hours trading on Feb. 22, 2024 after the AI tech giant reported ...