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Medical Equipment Stock Drops on Profit Warning, Recall Concerns

Medical Equipment Stock Drops on Profit Warning, Recall Concerns

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The shares of Koninklijke Philips NV (NYSE:PHG) are plummeting today, down 14.9% to trade at $32.97, after the medical equipment company issued a profit warning, saying it expected fourth-quarter core profit to drop nearly 40% amid supply issues.

...read full article on Schaeffers Research

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