[Reuters] Philips dims outlook after shock 1.3 billion euro loss

Posted by: UGN Security

[Reuters] Philips dims outlook after shock 1.3 billion euro loss - 07/18/11 06:18 AM

AMSTERDAM (Reuters) - Philips flagged a grim outlook after a surprise quarterly loss that was driven by writedowns on recent acquisitions to reflect weak consumer demand in Europe and the United States.