Philips Lighting, the world`s largest maker of lights, reported better-than-expected core fourth-quarter earnings on Friday, underpinned by cost-cutting and lower research and development expenses.
Adjusted earnings before interest, taxes, and amortization (EBITA) came in at 207 million euros ($258.67 million), the company said, compared with 188 million euros a year ago. Analysts polled for Reuters had seen EBITA at 198 million euros.
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