Philips Stock Plunges 12% After Earnings Report. It’s About China. - Barron's
1. Philips reported a significant quarterly earnings miss, causing a steep share decline. 2. Loss per share was 36 euro cents, below Wall Street's expectation of 55 cents. 3. Sales amounted to €5.04 billion, missing projections of €5.08 billion. 4. Philips observed a double-digit decline in the Chinese market, impacting overall growth. 5. 2025 forecasts show stagnant growth, with declines anticipated in China due to tariffs.