Philips falls more than 3.5% and revises down full-year EBITDA profit margin forecast.

Philips fell more than 3.5%, closing at $24.735. In terms of news, Philips' first quarter sales fell 2% year-on-year to 4.1 billion euros, slightly higher than expected. The company reiterated its forecast of sales growth between 1% and 3% for the year. Additionally, the company expects that US tariffs will have an impact of 2.5 to 3 billion euros, and has lowered its full-year EBITDA profit margin forecast from the previous 11.8% to 12.3% to 10.8% to 11.3%.