BREAKING NEWS
This content is not available in your region

Philips shares dip on Q3 loss

Comments
Philips shares dip on Q3 loss
Text size Aa Aa

Dutch giant Philips has announced a net loss for the third quarter and revised its Q2 earnings to a lower level, year-on-year, yet remains bullish about 2015 and 16.

It says its divestment of the lighting division remains on-track and investment in the higher-margin medical and consumer divisions continues.

Quitting the business that built Philips 123 years ago is likely to see the lighting spin-off initially in the form of a public offering of shares, with the household name helping float the new company onto the market.

Its shares dipped four percent on Tuesday on the Q3 news.