Oct. 13 (Bloomberg) -- Royal Philips Electronics NV , Europe's biggest television maker, said it will slow down its 5 billion-euro ($6.8 billion) share buyback after third-quarter sales fell short of analysts' estimates. Oct. 13 (Bloomberg) -- Royal Philips Electronics NV , Europe's biggest television maker, said it will slow down its 5 billion-euro ($6.8 billion) share buyback because of the economic slowdown and financial market turmoil. Royal Philips Electronics' third-quarter loss from its television-making operations widened as sales fell while it prepared to outsource its TV sales in North America to cut operating losses. The Dutch conglomerate's TV operating loss widened 70% to $98.6 million from $58.1 million a year earlier, Philips said today. TV sales fell 21% to $1.62 billion. TV revenue accounted for 19% of the parent ...
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