Philips cautious despite profits
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Philips, Europe's largest maker of consumer electronics, is cautious about earnings growth despite reporting a profit in the third quarter.
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The world's number two LCD screen maker, LG Philips, sees profits slump as rising demand for flat screens is met with a production glut.
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Clouds continued to gather over the chip sector last week after Philips confirmed a bleaker outlook for sales, and analog and DSP chip vendor Cirrus Logic Inc sharply downgraded its forecast for the current quarter because customers want to reduce
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Dutch electronics manufacturer  Philips Electronics published fourth quarter earnings above  analysts' estimates and unveiled a share buyback, but warned on  Thursday that the world economy made it cautious.
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Steers clear of crowded market Philips has gone into reverse on plans to enter the market for personal navigation devices because of fears the sector is getting too crowded.â¦
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Royal Philips Electronics said net profit rose to $2.16 billion in the second quarter on the sale of its stake in a Taiwanese semiconductor company, but that exchange rates hurt sales.
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Japan's Sony Corp. does not expect a  sharp recovery in the profitability of its home electronics  business during the crucial October to December quarter, citing  high costs to develop flat-panel televisions and a shrinking  market for home audio goods.
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LG.Philips LCD (nyse: LPL - news - people ) issued its first earnings announcement since a $1 billion initial public offering in July, and the news is not dazzlingly.
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European stocks were steady on Thursday amid results from key firms such as Philips which beat earnings estimates but gave a cautious outlook, while Siemens also reported higher-than-expected profits.
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Third-quarter profits at Koninklijke Philips Electronics NV surged on one-time gains from stakes sold in two companies floated on the capital market, Europe&#39;s largest consumer electronics maker said Tuesday in a statement.
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Sales rise, but earnings and margins are on the fritz.
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Flat screen maker LG.Philips LCD Co Ltd  (034220.KS) reported its highest ever quarterly profit on  Monday, rebounding from a year-ago loss, and predicted 2008  profitability would improve from 2007.
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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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A spokesman for Netherlands&#39;electronics company Philips denies an earlier report that Philips will withdraw from the domestic appliances market and transform itself into a manufacturer
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Philips Electronics   reported a 22 percent rise in its second-quarter operating profit on Monday, in line with expectations, and said it was on track to meet its sales and profit margin targets.
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It's on track to meet sales targets, but profits might not keep pace.
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Europe&#39;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.