Biggest stock movers Tuesday: TLRY, PHG, and more

Stock futures edged higher Tuesday morning as investors weighed renewed U.S.-China trade talks and looked ahead to a busy week of corporate earnings and key economic data.

Here are some of Tuesday’s biggest stock movers:

Biggest stock gainers

• Koninklijke Philips N.V. (NYSE:PHG) +9% – Shares surged after raising its full-year profitability outlook, as the trade war’s impact proved milder than feared. The company now sees an adjusted operating earnings margin of up to 11.8%, up 50 bps from prior guidance. In Q2, comparable order intake rose 6% sequentially, building on 9% growth in the prior quarter, while group comparable sales grew 1%. Adjusted EBITA margin climbed 130 bps to 12.4%, supported by innovation-driven gross margin gains, favorable product mix, and productivity measures that offset tariff and currency pressures. Philips also delivered EUR 197M in quarterly cost savings and remains on track to achieve EUR 800M in productivity gains in 2025 under its EUR 2.5B three-year plan.

Biggest stock losers

• Tilray Brands (NASDAQ:TLRY) -7% – Shares dropped after reporting mixed FQ4 results and a net loss of ~$2.18B for the year, driven by significant non-cash impairment charges tied to goodwill and intangible assets. Adjusted EBITDA dropped to $55M from $60.5M a year earlier, while gross margin declined to 30% from 36%. FQ4 performance was weighed down by lower beverage volumes and delayed export permits that disrupted the segment’s seasonal peak.
• Whirlpool (NYSE:WHR) -13% – Shares sank after missing Q2 estimates, with EPS at $1.34 vs. $1.74 expected and down sharply from $2.39 a year ago. Net sales in North America fell 5.4% Y/Y, and ongoing EBIT declined 5.7% to $200M. CEO Marc Bitzer cited continued pressure from rivals stockpiling Asian imports but emphasized strength in the company’s U.S. footprint and product pipeline. Whirlpool now forecasts full-year EPS of $6.00–$8.00 (midpoint $7.00), well below the $9.06 consensus. To bolster financial resilience, it is cutting its quarterly dividend to $0.90 per share from $1.75 and focusing on cost reductions and debt management.