The case looks to represent anyone who purchased or otherwise acquired Philips securities between Februand Jand were damaged upon the revelation of the alleged corrective. Quarterly sales decreased to EUR4.16 billion from EUR4.98 billion for the year earlier period, when they were expected to reach EUR4.18 billion, according to the company's compiled consensus.Ĭomparable sales fell 7.6%, Philips said.Īdjusted earnings before interest, taxes and amortization margin for the third quarter was 12.3%, the company said. Upon news of the recall, Philips’ stock price fell 2.25 per share, or about 3.98 percent, financially injuring investors, the lawsuit says. The company's net profit result was mainly driven by the sale of its Domestic Appliances business, it noted. It was expected to decline to EUR236 million, taken from the company's compiled consensus. The Dutch medical-technology group posted a net profit from continuing operations of 2.98 billion euros ($3.46 billion) compared with EUR340 million for the same period a year earlier. London Stock Exchange, the London Stock Exchange coat of arm device are trademarks of London Stock Exchange plc.Koninklijke Philips NV reported on Monday a significant rise in net profit for the third quarter but suffered a decline in sales for the period, which also missed market views. We accept no liability for the result of any action taken on the basis of the Information or for any loss from use of this webpage. Koninklijke Philips NV (NYSE: PHG) reported third-quarter sales declined by 5.8 year-over-year to 4.16 billion, and a 7.6 comparable sales decline due to. This handsome Philips PerfectDraft beer dispenser now allows you to have fresh, cold bar-quality draught. No action should be taken or omitted to be taken in reliance upon information on this webpage. No responsibility is accepted by or on behalf of the LSE for any errors, omissions, or inaccurate Information on this webpage. LSE does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the webpage or any of the Information on it.
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