Philips Shares Jump As FY25 Margin Outlook Raised, Despite Weak Q2

Shares of Royal Philips N.V. were surging around 10 percent in the morning trading in Amsterdam as well as in the pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday raised its fiscal 2025 margin outlook, benefited by lower tariff impact, and maintained fiscal 2025 comparable sales growth view. Meanwhile, the company issued weak margin outlook for its third quart

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