Earnings Scheduled For October 18, 2021
Companies Reporting Before The Bell
• State Street (NYSE:STT) is expected to report quarterly earnings at $1.92 per share on revenue of $2.96 billion.
Semiconductor Shortage Hits Supply Chain For MedTech Industry
According to a study commissioned by AdvaMed, the global semiconductor chip shortage is causing delays, order cancellations, and…
Suffers’ Lose Sleep After Philips’ Recall Of Sleep Apnea Machine: WSJ
Millions of Koninklijke Philips NV’s (NYSE:PHG) CPAP machines and ventilators are under a recall posing severe health problems, as many people are…
Phillips Sues Google Over FitBit Patent, Could Discontinue FitBit Sales
Philips North America LLC (NYSE: PHG) has sued Alphabet Inc. (NASDAQ: GOOGL) for infringing on a patented technology that they claim is used in Fitbit devices.
EXCLUSIVE: Summit Wireless Q2 Results Beat Street Expectations; Revenue Jumps 354%
Summit Wireless (NASDAQ: WISA) reported a flat second-quarter profit while revenue jumped four-fold on the back of a lower base last year when sales were hit due to pandemic-induced retail shutdowns.
Stocks That Hit 52-Week Lows On Wednesday
Wednesday's morning session saw 58 companies set new 52-week lows.
Philips Reports Q2 Earnings, Posts Mixed Segment Results, Announces €1.5B Share Buyback
Koninklijke Philips NV (NYSE:PHG) reported second-quarter FY21 sales growth of 6% year-on-year to €4.23 billion. Comparable sales grew…