It soared 35% before the market! Philips (PHG.US) sleep ventilator US claim costs far less than expected

Philips (PHG.US) set aside 982 million euros ($1.1 billion) to help resolve US claims relating to the recall of sleep apnea medical devices, which fell far short of analysts' expectations, and the company's shares in Amsterdam soared

Zhitong Finance16:00

Philips Stock Set for Record Gain After U.S. Ventilator Settlement -- WSJ

By WSJ Staff Shares in Royal Philips (NL:PHIA), (PHG) were poised for their biggest one-day surge on record, after the Dutch company reached a $1.1 billion U.S. settlement related to its Respironics

WSJ14minutes ago

Koninklijke Philips (PHG.US): The 2024 Q1 financial report achieved revenue of US$4.494 billion, with a previous value of US$4.472 billion, with an expected value of US$4.46 billion; earnings per share were US$0.28, previously US$0.24, with an expected va

Koninklijke Philips (PHG.US): The 2024 Q1 financial report achieved revenue of US$4.494 billion, with a previous value of US$4.472 billion, with an expected value of US$4.46 billion; earnings per share were US$0.28, previously US$0.24, with an expected value of US$0.28.

Zhitong Finance24minutes ago

Why Philips Shares Are Trading Higher By 37%; Here Are 20 Stocks Moving Premarket

Shares of Koninklijke Philips N.V. (NYSE:PHG) rose sharply in today's pre-market trading after reporting first-quarter results. The company also resolved the respironics personal injury and medical mo

Benzinga34minutes ago

Futures on the top three US stock indexes rose, Philips soared 40%

The three major US stock index futures rose, with Dow futures temporarily rising 0.08%; popular Chinese securities rose before the market; US claim costs for Philips sleep ventilators were far lower than expected; Deutsche Bank may have provided up to 1.3 billion euros due to lawsuits involving the acquisition of Deutsche Post Bank; and Crown Resorts, a subsidiary of the Blackstone Group, plans to lay off 1,000 employees.

Zhitong Finance50minutes ago

UPDATE 1-European Shares Hit Two-week High; Inflation Data, Fed Meeting in Focus

Yahoo Finance17:01