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Philips: 4Q Earnings Snapshot

January 28, 2020 GMT

AMSTERDAM (AP) _ Koninklijke Philips NV (PHG) on Tuesday reported profit of $615.8 million in its fourth quarter.

On a per-share basis, the Amsterdam-based company said it had net income of 69 cents. Earnings, adjusted for one-time gains and costs, came to 92 cents per share.

The medical imaging equipment maker posted revenue of $6.6 billion in the period.

For the year, the company reported profit of $1.31 billion, or $1.43 per share. Revenue was reported as $21.82 billion.

Philips shares have declined slightly since the beginning of the year. The stock has climbed 31% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHG at https://www.zacks.com/ap/PHG