Koninklijke Philips Electronics PHG warned of sharply lower profits on Wednesday.
For the lighting unit, Philips projects Q2 earnings before interest, taxes and amortization of about 85 million euros ($122 million), down from €193 million in the first quarter and €210 million in the second quarter of 2010.
For the consumer lifestyle business, Philips projects second-quarter EBITA of about €50 million, down from €168 million, in the year-earlier period.
PHG shares dropped 13.09% to $22.64 in pre-market trading.
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