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Philips Stock Plunges After Earnings. China Demand Was Weak. American depositary receipts of Philips tumbled 13% to $24 59 in Wednesday trading, on track for their largest daily percentage decrease since October, when it warned of a disappointing
Philips losses intensify amid demand drop in China and recall . . . Philips has posted 33 6% higher losses for 2024 compared to 2023 as the company continues to battle weaker demand in China and settlements for its faulty sleep apnoea devices Philips reported losses of €698m for the full year 2024, up from the €463m it lost the year before
Philips announces its 2025 First-Quarter Results | Philips Comparable order intake increased 2%, primarily driven by strong performance in North America, offsetting a decline in China Group comparable sales decreased 2%, reflecting double-digit declines across all segments in China and a high comparison base in Diagnosis Treatment globally
Philips cuts annual profit estimates as trade war clouds outlook Dutch healthcare technology company Philips on Tuesday cut its profit margin forecast for 2025, citing a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million
Philips shares drop as new order decline clouds rosier outlook Shares of Dutch health technology company Philips dropped 4% on Monday as strong quarterly earnings and an upgraded outlook for 2023 could not offset worries about a continuing fall in new