Philips earnings miss, as it warns of supply snarlsBloombergRoyal Philips NV’s quarterly operating profit missed analyst estimates as the Dutch maker of respiratory gear and body scanners warned of rising supply-chain challenges, inflation and the effects of Russia’s invasion of Ukraine. Philips yesterday said its first-quarter adjusted earnings before interest, taxes and amortization fell to 243 million euros (US$261.2 million), from 362 million euros a year earlier. The figure fell short of an estimate of 274 million euros in a Bloomberg survey of analysts. The headquarters of Dutch technology company Royal Philips NV is pictured in Amsterdam on Jan. 29, 2019. Philips recorded revenue of 3.9 billion euros in the three months through last month, slightly better than expected.

Source: Taipei Times April 26, 2022 04:03 UTC