Royal Philips (NYSE:PHG) said today that the slower-than-forecast return of an Ohio CT scanner plant will put a roughly $265 million hit on its 2014 results, sending share prices down in mid-morning trading.
The Dutch conglomerate said it's resumed shipments of its Brilliance iCT device from the Cleveland plant, but said the production ramp-up during the 4th quarter last year was slower than expected. Philips shut the plant down early last year after the FDA said its manufacturing controls were inadequate.
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The Dutch conglomerate said it's resumed shipments of its Brilliance iCT device from the Cleveland plant, but said the production ramp-up during the 4th quarter last year was slower than expected. Philips shut the plant down early last year after the FDA said its manufacturing controls were inadequate.
Help employers find you! Check out all the jobs and post your resume.