4 days ago
- Business
- Wall Street Journal
Rheinmetall Holds Off Raising Guidance Despite Surging Sales
Rheinmetall RHM 0.82%increase; green up pointing triangle held back from raising its full-year guidance despite higher sales and profit in the second quarter, after the change of government in Germany led to order intake delays.
The German arms maker on Thursday reported sales of 2.43 billion euros ($2.83 billion) in the three months through June, up 8.8% on the second quarter of last year, but below a consensus estimate compiled by Visible Alpha of 2.52 billion euros.
