US Stock Market Move | Royal Philips N.V. sponsored ADR (PHG.US) drops more than 5%, management abandons 2026 sales growth expectations.
On Thursday, Philips (PHG.US) fell more than 5%, closing at $26.53.
On Thursday, Koninklijke Philips N.V. Sponsored ADR (PHG.US) fell more than 5%, closing at $26.53. On the news front, executives from Koninklijke Philips N.V. Sponsored ADR stated that it is unlikely that organic sales growth in 2026 will double from the approximately 2% seen last year; previously the company had expected growth of around 4.5% in 2026. The management still expects profit margins to increase in 2026, but anticipates that tariff pressures next year will almost double.
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