KEY TAKEAWAYS American depositary receipts (ADRs) of Koninklijke Philips are tumbling more than 15% in premarket trading Monday after the Dutch conglomerate cut its 2024 sales outlook amid a "significant deterioration" in Chinese demand. The company also posted quarterly results that mostly missed analysts' consensus forecasts. Philips said it now expects 2024 comparable sales growth between 0.5% and 1.5%, down from its previous forecast of between 3% and 5%. American depositary receipts (ADRs) of Koninklij ...