Philips Stock Falls After Company Cuts Margin Guidance, Citing Tariffs
1. Philips cuts earnings margin target due to tariffs impacting future profits. 2. The company reports better-than-expected quarterly sales of 4.1 billion euros. 3. Adjusted EBITA margin forecast reduced by 100 basis points to 10.8%-11.3%. 4. Tariffs may impact 250-300 million euros net earnings. 5. Sales growth forecast remains unchanged at 1%-3% for the year.