Philips Posts Weak Earnings, Joins Clear Channel Outdoor And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Group 1 - Koninklijke Philips N.V. reported third-quarter adjusted EPS of 0.32 euros ($0.35), missing the consensus estimate of 0.35 euros [2] - The company reported sales of 4.38 billion euros ($4.74 billion), down 2% year over year, and also below the consensus of 4.54 billion euros [2] - Following the earnings report, Koninklijke Philips shares fell 17.2% to $26.24 in pre-market trading [2] Group 2 - Tevogen Bio Holdings Inc. shares declined 10.8% to $2.72 after a previous surge of 19% [3] - Borr Drilling Limited shares dipped 6.8% to $4.38, announcing the pricing of an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of $175 million [3] - Bowhead Specialty Holdings Inc. shares fell 5.6% to $27.77 after pricing its 4 million common share secondary offering at $29 per share [3] - Clear Channel Outdoor Holdings, Inc. shares fell 4.3% to $1.5500 after terminating an agreement to sell its business in Spain following regulatory review [3] - Obsidian Energy Ltd. shares fell 2.9% to $5.74 ahead of its third quarter 2024 financial and operational results release on October 31 [3]