Koninklijke Philips Electronics (PHG) lost €1.5B in Q4, worse than the -€1.2B consensus. Halts...

|About: Koninklijke Philips NV (PHG)|By:, SA News Editor
Koninklijke Philips Electronics (PHG) lost €1.5B in Q4, worse than the -€1.2B consensus. Halts share buyback program. To eliminate 6,000 jobs. Sees very weak consumer demand in coming quarter. Shares +6.3% premarket. (PR)