Philips Stock Dips On Weak Q4 Profit, Mulls Options For Domestic Appliances Unit

Shares of Philips Electronics NV were losing around 3 percent in the morning trading in Amsterdam after the company reported weak profit in its fourth quarter, despite higher sales. For fiscal 2020, the company aims 4 to 6 percent comparable sales growth and adjusted EBITA margin improvement of around 100 basis points. The company said it will review options for the Domestic Appliances unit.