Koninklijke Philips' Q3 Comparable Sales Were Flat And Comparable Order Intake Decreased By 2%, Both Impacted By Weaker Demand In China
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips reported flat comparable sales and a 2% decrease in comparable order intake for Q3, primarily due to weaker demand in China.
October 28, 2024 | 6:18 am
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Philips' Q3 results were negatively impacted by weaker demand in China, leading to flat sales and a 2% decrease in order intake.
The flat sales and decreased order intake indicate potential challenges for Philips, especially with the significant impact of weaker demand in China. This could lead to a negative short-term impact on the stock price as investors react to the news.
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