Sunday, April 15, 2007

Dutch Philips beats Q1 profit forecast, sales slow

(Reuters) - Philips's earnings before interest and taxes came in at 292 million euros compared with an average forecast of 267 million euros by 15 analysts polled by Reuters. EBIT in the year-earlier period was 335 million euros.

Revenues fell more than expected to 5.99 billion euros from 7.37 billion euros a year earlier, and compared with an average analyst forecast of 6.14 billion euros.


Read more at Reuters.com Market News

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