Philips 4Q Earnings Decline 17 Percent
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Royal Philips Electronics NV, The Dutch technology conglomerate, reported net profit fell 17 percent in the fourth quarter on a mix of charges, writedowns and stock sales.
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LG.Philips LCD Co., the world&#39;s second-largest maker of liquid-crystal displays, posted its first profit decline in five quarters after a glut of screens drove prices lower, a survey of analysts showed.
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European shares fell Tuesday after weak  German ZEW investor confidence data raised fears economic  growth will dwindle and slow consumer buying weighed on the  third-quarter results of Philips.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter thanks in part to gains on selling shares in other companies, but sales of consumer electronics were weak and the company said computer chip sales would be flat in the fourth quarter.
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Profit at PG&amp;E Corp. fell 55.3 percent in the most recent quarter, a drop the company blamed Tuesday on a lingering effect of California&#39;s energy crisis.
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Europe's top consumer electronics  group Philips cut the forecast for its closely watched chip  unit on Friday and predicted a significant slowdown for the  semiconductor industry next year.
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Go-Ahead Group shares fall as much as 17% on the back of worries about the firm's future income.
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AMSTERDAM, Netherlands (Dow Jones/AP) -- Royal Philips Electronics NV Friday lowered the outlook for its semiconductors division and its industry growth prediction, giving another indication that the sector is experiencing a slowdown due to high inventory
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, saying it expects third quarter  sales to be flat from the second rather than rising.
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Shares of South Korean LCD screen panel maker LG.Philips LCD Co. Ltd.   fell nearly 8 percent to a record low on Tuesday on news that three countries are investigating claims it fixed prices.
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Weak home and hardware sales drive lower fourth-quarter profits.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Phone company Qwest Communications International Inc  on Tuesday cut its earnings outlook for the year, sending its shares down 4 percent, though its quarterly profit rose with the help of a tax benefit and cost cuts.
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Blog: LCD TV sales dropped a bit in the first quarter from the last three months, and Philips bore the brunt.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Shares in online retailer Amazon plunge 17%  after its fourth-quarter profits fail to impress.