Earnings News

Amended: Philips Slips To Loss In Q3, Sees Weak Sales In Q4; To Cut Around 4,000 Jobs

Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK, PHG) reported Monday that its third-quarter net loss was 1.33 billion euros, compared to last year's profit of 2.98 billion euros.

Loss per share was 1.50 euros, compared to profit of 3.24 euros a year ago. Adjusted income per share from continuing operations was 0.25 euro, compared to 0.40 euro a year ago.

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by RTTNews Staff Writer

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