Consumer caution hits Philips profits
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Slow consumer buying weighed on third-quarter results of Philips Electronics, and the company says high inventories will continue to hit business in the fourth quarter.
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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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NEW YORK - Two of the world&#39;s biggest consumer products giants issued profit warnings today, sending shares in both companies downward.
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SEOUL LG.Philips LCD said Monday that third-quarter net profit fell 15 percent as prices for flat screens for televisions and computers declined.
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Japan&#39;s two largest consumer electronics companies recorded increases in their net profit for the second quarter but only one managed to increase sales, and both warned that increasing price competition could mean difficult times ahead.
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Flat screen maker LG.Philips LCD Co Ltd  reported its strongest ever quarterly profit on Monday, rebounding from a year-ago loss, as solid demand and tight supplies kept screen prices firm.
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U.S. consumers binged on toys and  electronics this Thanksgiving weekend, leaving retailers and  analysts to wonder if demand has already been satiated and  whether discounts that spurred the three-day spree will cut  into profits.
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Some shoddy reports trickling in Thursday night threw a wrench into an otherwise uneventful second-quarter earnings season for retailers. At least one analyst thinks its a harbinger, as consumers get cautious about spending money on anything that isn&#39;t ...
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Shares in LCD manufacturers sank on Tuesday after LG.Philips LCD Co. Ltd. (034220.KS: Quote, Profile, Research) , the industry&#39;s number two, reported a surprisingly large fall in
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The consumer products firm issues a profit warning for the second half.
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Flat screen maker LG.Philips LCD Co Ltd  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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Philips, Europe's top consumer  electronics group, cut the sales forecast for its closely  watched chip unit on Friday and predicted much smaller growth  for the semiconductor industry next year.
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Europe&#39;s top consumer electronics group Philips cut the sales forecast Friday for its closely-watched chip unit and predicted much slower growth for the semiconductor industry next year.
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LG.Philips LCD said Monday its third-quarter net income dropped on year and fell short of forecasts, as high supplies led to lower prices of its liquid crystal display panels.
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Technology stocks led a fall in Asian  shares Tuesday as a gloomy outlook from LG.Philips LCD and  soaring oil prices fueled investor concerns about a slowdown in  corporate profits and global economic growth.
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Philips Electronics   said on Monday its second-quarter operating earnings rose 22  percent and said it was on track for meeting its sales and  profit margin targets.
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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.