AMSTERDAM ( TheStreet) -- Philips Electronics ( PHG), the Dutch conglomerate, said third-quarter net income rose to €524 million ($725.3 million) from €174 million a year earlier, but said it was "cautious" on sales for the fourth quarter. The latest period included a gain of €154 million from the sale of Philips' stake in chipmaker NXP. Philips, the world's biggest maker of light bulbs, said sales in the quarter rose almost 10% to €6.16 billion. Analysts had predicted Philips would earn €358 million in the quarter, according to Bloomberg. "Given the uncertain economic climate and fragile consumer confidence in some of our markets, we take a cautious view on revenue development" in the fourth quarter, Philips said in a statement Monday. Philips' lighting division was the company's strongest performer in the quarter. Sales rose 16% and operating earnings quadrupling to €169 million from €40 million. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.