Philips Soars After Lifting Margin Outlook on Softer Tariff Hit

Royal Philips NV increased its profitability outlook as the impact of the trade war was not as severe as it feared.

The Dutch medical-technology firm now expects full-year adjusted operating earnings margin of as much as 11.8%, a 50 basis points increase from its previous outlook, according to a statement Tuesday. Shares in Philips rose 14% in early trading in Amsterdam, the biggest intraday advance in a year.