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Philips cuts annual profit estimates

Philips cuts annual profit estimates as trade war clouds outlook

Dutch healthcare technology company Philips on Tuesday cut its profit margin forecast for 2025, citing a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million) despite "substantial tariff mitigations".

Yahoo Finance on MSN · 47m

Philips cuts profit, sees $300M impact from tariffs

Philips (PHG) stock slid more than 4% in trading Tuesday despite a moderate first quarter earnings report. The company reported $4.7 billion in revenue, in line with Wall Street estimates. The company beat on adjusted earnings per share,

MedTech Dive · 1h

Philips cuts earnings forecast after calculating $340M tariff hit

Philips has predicted tariffs will have a net impact of up to 300 million euros ($340 million) this year despite the company taking “substantial” steps to mitigate the effects.

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We'll be taking major supply chain actions to mitigate tariff impact: Philips CEO

Roy Jakobs, CEO of Philips, discusses the efforts the Dutch health technology firm is taking to mitigate the tariff impact ...

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My $59 Philips Norelco OneBlade beats every fancy trimmer I've tried

I've been using the Philips Norelco OneBlade 360 Pro and its predecessors for years now, and to this day, I still haven't ...

Philips: Q1 Earnings Snapshot

Koninklijke Philips NV (PHG) on Tuesday reported earnings of $79.9 million in its first quarter. The Amsterdam-based company said it had profit of 8 cents per share.

Philips Hue rolls out updates for its two most popular smart home devices

The Hue Bridge is getting updated to software version 197018801, which Philips Hue says will include general performance and ...

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Philips' new Prestige shaver can cut hair below your skin's surface for the smoothest shave of your life

I got a chance to check it out at a preview event, and I was intrigued. (Unfortunately, I was also clean-shaven, so while I ...

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Philips cuts annual profit estimates

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