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Rheinmetall stock volatile after warship cancellation prompts guidance trim
The company reported first-half sales up 39% and profit up 74%, but the Germany F126 warship cancellation weighed on its outlook.
Rheinmetall saw its shares turn volatile after it trimmed guidance, citing the impact of Germany's cancellation of the F126 warship program on its sales outlook, CNBC Earnings reported.
According to the outlet, Rheinmetall still delivered strong momentum in the first half, with sales rising 39% and profits increasing 74%.
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