Monday, April 25, 2022

Philips Stock Down On Q1 Loss, Weak Comparable Sales

Shares of Philips Electronics NV were losing around 11 percent in the morning trading in Amsterdam as well as in pre-markect activity on the NYSE after the Dutch consumer electronics giant reported Monday a loss in its first quarter, compared to prior year's profit, hit by weak comparable sales. The results were hurt by very challenging circumstances, with significant supply chain headwinds

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