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Philips shares fall after Q4 profit misses estimates

Published Tue, Jan 30, 2018 · 09:50 PM

Paris

ROYAL Philips shares dropped after fourth-quarter profit missed estimates as a weaker dollar ate into earnings.

Adjusted earnings before interest, taxes and amortisation rose 9 per cent to 884 million euros (S$1.4 billion), the maker of medical scanners said in a statement on Tuesday. That missed the average estimate of analysts surveyed by Bloomberg of 898.2 million euros.

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Companies & Markets

Companies & Markets

Philips shares fall after Q4 profit misses estimates

Companies & Markets

Mixed trading in Asia as investors watch for further macro data; STI down 0.2%

Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation

China’s Bank of Communications Q1 profit rises 1.44%

Huawei’s smart car tech offers automakers route to China sales

Electrolux Q1 loss nearly triples on weak demand but beats expectations

DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale

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