|Bid||42.60 x 30000|
|Ask||42.80 x 30000|
|Day's Range||42.60 - 42.60|
|52 Week Range||29.00 - 44.00|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||30.56|
|Forward Dividend & Yield||0.85 (2.01%)|
|1y Target Est||N/A|
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than...
The big shareholder groups in Koninklijke Philips N.V. (AMS:PHIA) have power over the company. Institutions will often...
Siemens Healthineers said it expected strong growth to continue next year, as the German maker of medical imaging machines and diagnostic equipment reported better than expected fourth-quarter sales on Monday. Healthineers' shares jumped 8% in early morning trade to its highest level on record. The health technology company said net profit increased 36% in the July-September period, to 507 million euros ($566.1 million), as comparable sales rose 8%.
Philips, which makes magnets for MRI machines, plans to build a 36,200-square-foot, one-story addition to its existing manufacturing plant. More than 90 jobs are expected to be created by the expansion.
European stocks struggled for direction on Thursday ahead of high level talks between U.S. and Chinese negotiators as the impact of the trade war hit one major exporter.
Shares of Philips Electronics tumbled 8% in early Amsterdam as the company issued a warning over its connected care business, which had a 4.5-point decline in its adjusted margin during the third quarter. Philips blamed "increasing headwinds from tariffs and a delay in the impact of the mitigating actions, factory under-coverage as production levels were lowered to reduce inventory, and an adverse product mix impact." For the year, the company expects margin improvement of 10 to 20 basis points, after three consecutive years of at least 100 basis points rises.
Philips warned it will miss its 2019 profit margin target on Thursday due to trade tariffs and poor results at its Connected Care arm, wiping around 3 billion euros ($3.3 billion)off the Dutch healthcare technology group's market value. The trade war between the United States and China has forced Philips to shift production and to seek other suppliers for components in recent months to avoid punitive tariffs. Philips shares were down 8% at 0820 GMT after the warning.
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Today we'll look at Koninklijke Philips N.V. (AMS:PHIA) and reflect on its potential as an investment. In particular...
Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company's Brazil operations last year, Reuters has learned. Claims of malfeasance reached the highest levels of the Dutch conglomerate as early as 2010, according to court records filed by federal prosecutors, internal company documents and Reuters interviews with a former manager at a Philips subsidiary in Brazil who says he told superiors of the suspected scheme and was later sacked. Masiero said he suspected payoffs had been used to secure that government business, allegations now at the heart of a burgeoning graft probe in Brazil, court records show.
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday. Philips, which sells products ranging from toothbrushes to medical imaging systems, said comparable sales had improved 6% in the second quarter. Philips shares rose 4% in the first hours of trading in Amsterdam, making them one of the top performers in the Stoxx600.
European shares ended flat on Monday as a summer lull hit trading volumes at the start of a pivotal week that will see the European Central Bank meet over monetary policy and a deluge of corporate earnings reports. Investors are gearing up for a showdown between Italy's coalition partners this week that could raise uncertainty about the future of the government. "Equity markets have fallen slightly in the past few days, more so in Italy than others, but in most cases they are still close to record highs.
The Philips Hue light bulb lineup is often recognized as the best smart lighting you can buy for your house. But if you're new to the smart home game, there's one catch: you need a hub to set up and control everything, which means an extra up-front cost and additional complexity. As of today, though, things are getting simpler with the Philips Hue with Bluetooth lights. As the name suggests, these bulbs have Bluetooth built-in, which means you can set them up with a smartphone app, no hub needed.
Dutch health technology company Philips expects sales at its digital care business to grow this year as patients see the benefits of sharing more medical data with doctors, Chief Executive Frans van Houten told Reuters. Philips' connected care division offers platforms to remotely monitor patients and for doctors to share patient data. "We expect to see a positive trend in connected care this year, with sales growth picking up," Van Houten said in an interview.