Rheinmetall closed 6.5% lowe
European stocks finish lower
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The European stock market finished lower Thursday as traders assessed regional earnings reports.
The pan-European Stoxx 600 ended the session down almost 1.1%, with all major bourses in negative territory.
It was another busy day of earnings reports in Europe with BBVA, BNP Paribas, Vinci, BMW, Siemens Healthineers, Anglo American, Danske Bank, ArcelorMittal, Moller Maersk and Vestas Wind Systems among the companies reporting.
Rheinmetall closed 6.5% lower after it indicated weak preliminary forecasts for 2026 during an investor and analyst call.
The company now expects full-year revenues of around 13.6 billion euros due to lower-than-expected growth in all defense divisions, according to a Reuters report.
Volvo Cars also announced earnings Thursday. It said fourth-quarter operating income excluding items affecting comparability fell by 68% to 1.8 billion Swedish krona ($200.46 million) compared to the same period a year prior. Shares finished down 22.5%.
British oil major Shell on Thursday reported weaker-than-expected fourth-quarter profit amid lower crude prices, with adjusted earnings of $3.26 billion for the quarter, missing analyst expectations of $3.53 billion, according to an LSEG-compiled consensus. Shell ended the session 3.4% lower.
