Philips Stock Sinks To 52-Week Low - Here's Why
Philips (NYSE: PHG) drops to a 52-week low after Q2 results. Earnings beat estimates, but weak order intake weighs on shares.
Philips made more money than expected this quarter, but customers aren't ordering as many products as before, which worried investors. When people aren't ordering much, it can mean the company might struggle later, so that's something to notice.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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