Philips Drops as Electricals, Lighting Decline Hurts Profit

Philips Drops as Electricals, Lighting Decline Hurts Profit

Ralph Orlowski/Bloomberg

A Royal Philips Electronics NV employee touches an organic light-emitting diode (OLED) installation. Philips dropped as much as 12 percent to 15.81 euros, the biggest drop since March 2009.