Philips Lighting Fourth-quarter Earnings Beat Estimates On Price Reducing

Philips Lighting, the world’s largest maker of lights, reported better-than-expected core fourth-quarter earnings on Friday, underpinned by cost-cutting and decrease analysis and
improvement bills.

Adjusted earnings earlier than curiosity, taxes, and amortization (EBITA) got here in at 207 million euros ($258.67 million), the corporate stated, in contrast with 188 million euros a yr in the past. Analysts polled for P3P had seen EBITA at 198 million euros.

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