Seeking Alpha

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

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)

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs