PHG Forex News
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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35 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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126 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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187 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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305 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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406 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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490 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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588 days ago
