Philips Posts Q4 Net Loss
Philips Electronics (NYSE: PHG) reported a net loss in the fourth quarter.
Philips posted a quarterly net loss of 355 million euros ($478 million). Its adjusted earnings before interest, tax and amortisation came in at 875 million euros on revenue of 7.161 billion euros. However, analysts were expecting a net loss of 308 million euros, adjusted EBITA of 847 million euros on sales of 7.161 billion euros.
Philips shares closed at $29.30 yesterday.
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