Consumer Garage Doors Market
From installation to repair and maintenance, the garage door market in the United States and Canada presents many opportunities for entrepreneurs...
Dow Jones futures rose modestly late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered another day of heavy...
Shares of Philips (AMS: PHIA) have plunged nearly 4% today despite the Dutch company reporting very strong first-quarter sales. Fundamental analysis: Robust sales pave the way for a hike in 2021 guidance Philips reported revenue of €3.8 billion ($4.6 billion) for its first quarter to mark a 9% growth in the comparable sales. This is better than the 6% expected from the market analysts. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The company’s core business – Connected Care – saw a decline in order intake by 5% year-over-year, which is understandable and “anticipated” given the record orders recorded in Q1 last year amid the pandemic. “Our growth momentum is driven by our portfolio of innovative solutions, for example in the areas of precision diagnosis, image-guided therapy, and telehealth. Moreover, we continued to add long-term strategic partnerships with hospitals on the back of more than 50 new partnerships we signed in 2020,” said Frans van Houten, CEO of Philips, noted. The company reported a loss of €34 million on the back of a €250 million provision Philips was forced to take to address a component quality issue. On an adjusted basis, the Dutch company reported a profit of €139 million. “Regretfully, we have identified a quality issue in a component that is used in certain sleep and respiratory care products, and are initiating all precautionary actions to address this issue, for which
