Royal Philips NL, +3.00% PHIA, -2.66% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announced the layoffs Read more
Tag: Philips
Royal Philips 3Q Group Sales EUR4.3B
By Anthony O. Goriainoff Royal Philips NV said Monday that it swung to a net loss for the third quarter, missing consensus, due to operational and supply challenges, and that Read more
Philips stock slumps 8% after issuing profit warning
Shares of Philips dropped 8% to their lowest level since 2012 after the Dutch tech company issued its second profit warning this year, forewarning that supply chain problems will impact Read more
Philips Sees 3Q Sales of Around EUR4.3B
By Anthony O. Goriainoff Royal Philips NV said Wednesday that its performance in the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and that as a result it expects a Read more
Philips Sees 3Q Sales of Around EUR4.3B
By Anthony O. Goriainoff Royal Philips NV said Wednesday that its performance in the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and that as a result it expects a Read more
Philips swings to loss and cuts sales guidance
Royal Philips NV PHG, -0.05% PHIA, -10.56% on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related Read more
Philips swings to loss and cuts sales guidance
Royal Philips NV PHG, -0.05% PHIA, -11.44% on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related Read more