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Koninklijke Philips NV

5/24/2013, 10:47 AM ET

Quote & Headlines Market Currents StockTalk

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Monday, April 22, 11:27 AM "The decline of the order intake was very disappointing," says analyst Jos Versteeg referring to weakness in Philips' (PHG) healthcare unit which the company says should still experience 3-4% growth for the full year (Q1 results). When asked on the call how confident the company is about delivering on that prediction, CEO Frans van Houten says "more traction in Northern Europe" and "increased orders on the government side" in the U.S. make him absolutely confident in the healthcare unit's "resiliency" in the eurozone and positioning in the U.S. once "the dust settles" on healthcare reform. (transcript) Comment! [Earnings, On the Move, Consumer, Healthcare]
Monday, April 22, 5:47 AM Philips (PHG): Q1 net profit -11.5% to €161M, missing consensus of €153M; sales -1% to €5.26B and vs €5.41B, with the drop due to negative currency effects and portfolio changes. Healthcare comparable sales -1% as orders for Healthcare in North America slump by double digits, hurt by U.S. healthcare reforms making hospital CEOs more cautious. Philips reiterates that it expects a slow H1. Shares -3.1% in Amsterdam. (PR) Comment! [Earnings, On the Move, Tech, Healthcare]
Monday, April 22, 12:05 AM Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX Comment! [Earnings]
Sunday, April 21, 5:30 PM Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX 1 Comment [Earnings]
Friday, April 12, 4:52 PM Philips (PHG) claims to have developed an overhead LED tube light that generates 200 lumens of light while consuming just 1W of power, half as much as today's offerings. If used in an LED light bulb, Philips thinks the underlying technology would enable a 60W-replacement bulb that consumes just 5W. Philips says it plans to commercialize the technology in 2015 - Cree (CREE), which last year announced a 200 lumen/watt LED for outdoor applications, will no doubt be watching closely. (Cree's new low-cost bulbs) 2 Comments [Tech, Consumer]
Tuesday, April 9, 7:31 AM Philips Electronics (PHG) says it will pay $4.5M to settle a bribery case stemming from a 2009 incident in Poland. Polish authorities said three former Philips employees bribed hospital officials in order to generate more sales for the company. Philips disclosed an internal investigation to the SEC and subsequently agreed to settle the case. Comment!
Tuesday, April 2, 9:14 AM Philips Electronics (PHG) announces its LED 22-watt bulb is the first ENERGY STAR qualified LED 100-watt equivalent. The Philips bulb reduces energy consumption by 75% while lasting 25 times longer than its incandescent counterpart. The market likes it: shares +1.77% premarket. Comment! [Consumer, Tech]
Wednesday, March 27, 10:19 AM Defense contract award winners from Tuesday night's DOD release: Philips Electronics' (PHG -2.3%) Medical Systems subsidiary gets $77.2M option; Xerox (XRX -0.4%) gets $14.9M extension of existing deal; Lockheed Martin wins two contracts totaling $47.8M; Nothrop Grumman (NOC -0.7%) gets $12.6M to refurbish missile fuses. Comment!
Sunday, March 24, 5:32 AM The FDA has proposed new rules that would require the makers of emergency defibrillators to submit data clinical-trial data for their devices or provide other evidence that they work. The move comes after 45,000 malfunctions and 88 product recalls from 2005-2012. Leading manufacturers include Philips (PHG), Physio-Control and Zoll Medical (ZOLL). Comment! [Healthcare]
Wednesday, March 20, 3:48 PM Apple (AAPL) is sued for patent infringement by Intertrust Technologies, an early pioneer in digital copyright protection jointly owned by Sony (SNE) and Royal Philips Electronics (PHG). Intertrust has won these things in the past, getting a $440M settlement from Microsoft in 2004. 17 Comments [Tech]
Tuesday, January 29, 8:21 AM Royal Philips Electronic (PHG) agrees to sell its home audio and video business to Funai Electric of Japan for €150M ($201.5) and a brand licensing fee as the consumer electronics pioneer continues a shift into more profitable industrial products. The move sheds a big part of Philips’ history, which includes helping invent the compact disc and the DVD. Comment! [Tech, M&A]
Tuesday, January 29, 6:22 AM Koninklijke Philips Electronics (PHG): Q4 EPS of -EUR0.39. Revenue of EUR7.16B (+3% Y/Y). (PR) Comment! [Earnings, Breaking News]
Tuesday, January 29, 12:05 AM Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X Comment! [Earnings]
Monday, January 28, 5:30 PM Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X Comment! [Earnings]
Monday, December 17, 2012, 5:36 PM After-hours top gainers, as of 5:15 p.m.: DFS +2.4%. TWO +2.3%. BAC +2.1%. UNIS +1.8%. RF +1.1%.
After-hours top losers: PHG -6%. RAS -5.5%. RMTI -3.4%. NWY -2.8%. UVXY -1.8%. Comment! [On the Move]
Wednesday, December 5, 2012, 7:13 AM European regulators slap a group of electronics firms, including Philips Electronics (PHG), Samsung (SSNLF.PK), and Panasonic (PC), with steep fines over allegations the group effectively ran two different cartels for television and computer tubes on the continent for over 20 years. The commission calls the cartels amongst the "most organized" it has ever investigated as it tags the firms with combined fines of close to $1.92B. 1 Comment [Global & FX, Tech]