Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
AFP News

Philips Lowers Sales Outlook On Drop In China Orders

Philips China Roy Jakobs Amsterdam
While sales growth evaporated in the third quarter Philips doubled its net profit thanks to productivity gains and high margins on AI products (Credit: AFP)

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.

Markets reacted negatively to the announcement with Philips's share price dropping by more than 11 percent in morning trading on the Amsterdam stock exchange's blue-chip AEX index.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Heidi Klum Teases 'Very, Very Bloody' Halloween Costume as Fans Spot Grotesque Body Parts
Heidi Klum has teased her 2026 Halloween costume with an image of brain- and intestine-like prosthetics, prompting fan theories before her annual New York party.
International Business Times UK
International Business Times UK
The hill I will die on: The email sign-off is archaic – it needs to go. No regards, Tom
The torture of the inbox is made insufferably worse by the dated cliches at the beginning and end, says journalist Tom Gill
The Guardian - UK
The Guardian - UK
New Trump rule allows hunters to bait bears in Alaska with doughnuts, bacon and more
Critics decry Trump administration rule that lets hunters lure bears with human foods on federal lands in Alaska
The Guardian - US
The Guardian - US
Sylvester Stallone defends casting daughter in Tulsa King: ‘Of course it’s nepotism, you idiot’
Scarlet Rose Stallone appears in the hit series ‘Tulsa King’ in a recurring role
The Independent UK
The Independent UK
Ground Beef and Strawberries Cost More as New Federal Diet Advice Puts Protein at Every Meal
Ground beef rose 7.4% and strawberries 10.4% in a year, as federal dietary advice stresses protein. Beans, eggs, and frozen produce can ease the cost.
Medical Daily
Medical Daily
Dog gives you the guilty look? Here's what research says it actually means
Walk into a room where something has gone wrong and your dog is already doing it: head low, ears back, eyes wide and soft, maybe a slow tail wag aimed at the floor. Every owner reads this the same way. The dog knows. Except the research says that is probably…
Times Pets
Times Pets
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play