A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims over respiratory-related medical equipment, the U.S. Justice Department said on Th
Dutch medical device maker Philips said on Monday it has expanded an earlier recall of some respiratory machines to a total of 1,700 devices globally due to possible contamination of a plastic compone
A massive recall of Philips breathing devices in 2021 due to a risk of potential injury has left physicians scrambling to find alternatives for the growing number of people who use them.
The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has

Philips says CEO Van Houten to leave in October

02:26am, Tuesday, 16'th Aug 2022
Dutch health technology company Philips on Tuesday unexpectedly announced that Chief Executive Officer Frans van Houten would be replaced with company insider Roy Jakobs on October 15.

Philips: Doubling Down

01:25pm, Monday, 15'th Aug 2022
Philips generates positive cash flows even during these turbulent times. Product recall and litigation will hang over the stock until 2023-24.

Two-Minute Drill: PHG & UCG-IT

06:47pm, Friday, 29'th Jul 2022
Ellen Lee, Causeway Capital portfolio manager, joins ‘Closing Bell Overtime' to discuss her take on Phillips Electronics and UniCredit.
Koninklijke Philips' (PHG) Q2 top and bottom-line results reflect the negative impact of supply chain constraints and COVID lockdowns in China.
Koninklijke Philips N.V. (NYSE:PHG ) Q2 2022 Results Conference Call July 25, 2022 4:00 AM ET Company Participants Leandro Mazzoni - Head, IR Frans van Houten - CEO Abhijit Bhattacharya - CFO Roy Jako

Philips Stock Sinks on Cut to Sales Guidance

05:23am, Monday, 25'th Jul 2022
The company says it expects full-year sales growth of 1% to 3%, down from its previous forecast of 3% to 5%.

Philips swings to loss and cuts sales guidance

04:24am, Monday, 25'th Jul 2022
Royal Philips NV PHG, -0.05% PHIA, -9.54% on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related lockdowns in China, inflatio
Dutch medical equipment maker Philips on Monday reported a worse-than-expected drop in second-quarter core earnings to 216 million euros ($220 million), citing supply shortages and lockdowns in China.

Philips (PHG) Expands AI Portfolio With SmartSpeed Solution

03:43pm, Wednesday, 13'th Jul 2022 Zacks Investment Research
Koninklijke Philips (PHG) announces that its latest AI-powered MR acceleration software SmartSpeed will be showcased as part of the AI-powered precision diagnosis portfolio at ECR.
Koninklijke Philips (PHG) announces that its latest AI-powered MR acceleration software SmartSpeed will be showcased as part of the AI-powered precision diagnosis portfolio at ECR.

Philips highlights AI-powered precision diagnosis portfolio at ECR 2022

08:00am, Wednesday, 13'th Jul 2022 GlobeNewswire Inc.
July 13, 2022 Philips demonstrates portfolio of smart connected imaging systems and integrated radiology workflow solutions designed to improve diagnostic confidence and clinical outcomesAmsterdam, t
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