Shares of Philips Electronics NV were losing more than 4 percent in the morning trading in Amsterdam as well as in pre- market activity on the NYSE, after the Dutch consumer electronics giant reported lower profit and sales in its fourth quarter. Comparable sales declined, while comparable order intake increased.
Further, the company maintained its dividend, and said it expects to start the year with a comparable sales decline, followed by a recovery and strong second half of the year.
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