Philips: Q4 Financial Highlights

Philips Announces Fourth Quarter Financial Results

Philips, headquartered in Amsterdam, revealed on Tuesday that its net income for the fourth quarter reached $459.8 million.

The company reported earnings of $0.48 per share, while adjusted earnings—excluding special items—stood at $0.70 per share.

During this quarter, the medical technology firm generated $5.93 billion in revenue.

Looking at the full year, Philips achieved a total profit of $1.01 billion, or $1.05 per share, with annual revenue amounting to $20.17 billion.