Conglomerates Sector Review: GE Earnings Preview, Philips Investment
Koninklijke Philips (NYSE:PHG) plans to invest EUR2B through 2015 on green products as the firm hopes to increase sales of LED lighting to 50% of total revenues by that time, up from 16% of revenues in 3Q11, reported DigiTimes.
The shares closed at $19.43, up $0.25, or 1.3%, on the day. Its market capitalization is $18.27 billion.
General Electric Company (NYSE:GE): General Electric is expected to report Q4 earnings on Friday, January 20 before the market open with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 38c on revenue of $40.03B. The consensus range is 37c-39c for EPS, and $38.29B-$41.54B for revenue, according to First Call. Last quarter, General Electric met Q3 EPS and narrowly beat revenue estimates.
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