Philips Posts Weak Earnings, Joins Clear Channel Outdoor And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Monday. Shares of Koninklijke Philips N.V. PHG fell sharply in today's pre-market trading after the company reported third-quarter EPS and sales below estimates and revised its 2024 outlook due to weak demand in China. On Monday, the company reported third-quarter adjusted EPS of 0.32 euros (or $0.35), missing the consensus of 0.35 euros. The Dutch conglomerate reported sales of 4.38 billion euros ($4.74 billio ...