Philips (PHG): Q3 net profit -85% to €76M ($104.3M) vs. €53.8M expected. Rev -1.2% to €5.39B vs....

|By:, SA News Editor
Philips (PHG): Q3 net profit -85% to €76M ($104.3M) vs. €53.8M expected. Rev -1.2% to €5.39B vs. €5.34B expected. To slash 4,500 jobs as part of €800M cost cuts. Reiterates 2013 targets of 4-6% sales growth and EBITA margin of 10-12%. Will consider options if talks to sell TV ops fail. (PR)