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Philips Lighting Slips After Maiden Full-Year Earnings Miss

Philips Lighting shares were volatile Monday as investors reacted to the company's maiden set of full year results as a public company after its spinoff from Philips (PHG) .

The Dutch lighting firm, which floated in an initial public offering in May last year, missed expectations for sales in the fourth quarter and full year and also undershot the target for basic earnings per share in both periods.

Analyst were expecting sales of €1.957 billion ($2.07 billion) for the fourth quarter and earnings per share...