Chips and ships: Philips cuts outlook as supply chain problems grow - NewsBreak
By Frank in Business
Updated 3 years ago
AMSTERDAM, Oct 18 (Reuters) - Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify. Amsterdam-based Philips said comparable sales...