Lates News

Philips fell more than 3.5% to $24.735. On the news front, Philips' first-quarter sales fell 2% year-on-year to 4.1 billion euros, slightly higher than expected. The company reiterated its forecast for sales growth of between 1% and 3% for the year. In addition, the company expects U.S. tariffs to have an impact of 250-300 million euros on the company and has revised its full-year EBITDA profit margin forecast from the previous 11.8%-12.3% to 10.8%-11.3%.