Philips Reports Third Quarter Profit of $728 Million
Royal Philips Electronics NV ( PHG ) reported third quarter earnings of 524 million euros ($728 million), or 55 euro cents per share, up from 174 million euros a year earlier. Profit rose on lower costs and a gain of 154 million euros from the sale of the company's stake in NXP Semiconductors, Philips said in a statement. "The third quarter was another solid quarter for Philips," CEO Gerard... Continue reading Philips Reports Third Quarter Profit of $728 Million Philips Reports Third Quarter Profit of $728 Million originally appeared on DailyFinance on Mon, 18 Oct 2010 08:02:00. Filed Under: Company News , Technology , Earnings , Retail Permalink | Tweet this! | Comments
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