Signify NV (LIGHT.AS)
AMSTERDAM, Oct 26 Dutch lighting maker Signify said third-quarter core profit rose 8 percent to 191 million euros ($217.1 million) due to cost cuts, beating analyst expectations, offsetting an ongoing decline in sales.
AMSTERDAM, Oct 26 Dutch lighting maker Signify reported on Friday an 8 percent rise in third-quarter core profit to 191 million euros ($217.1 million), beating analyst expectations as it managed to cut down costs.
AMSTERDAM Dutch lighting maker Signify will double its share buyback programme this year to 300 million euros (£266.45 million), the former Philips Lighting announced on Friday, sending its shares higher despite a fall in sales and a cut in its outlook.
* Signify shares rise 8 pct after sharp drop in first half of 2018 (Adds share price and analyst reaction, more detail on Q2 results, CEO quotes)
AMSTERDAM, July 27 Signify, the Dutch lighting maker formerly known as Philips Lighting, cut its sales outlook for this year on Friday, saying market conditions remained challenging after a slow start to the year.