Chinese optical module makers slump after report on planned US import ban
Chinese optical module makers’ shares tumbled after reports of a planned US import ban on new Chinese data centre components on national security grounds.
Trex Company, Inc. Q2 2026 Earnings Call Summary
Trex Company reported strong second-quarter sales, driven by broad-based demand and entry-level consumer return. The company raised full-year guidance and accelerated its wood-conversion strategy production timeline.
Tanger CEO says World Cup drove up traffic, sales this summer
Tanger’s CEO attributed increased summer traffic and sales to World Cup tourism, noting the company operates in eight of eleven host cities and has seen strong performance from athletic brands.
SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank reported first-quarter profit of 347.3 billion yen, beating expectations, with an 1.3 trillion yen gain from its Intel stake offsetting declines in other investments including no gains from OpenAI.
Rheinmetall stock volatile after trimming guidance as Germany’s F126 warship cancellation hits sales outlook
Rheinmetall trimmed its 2026 sales guidance by 300 million euros following Germany’s cancellation of its F126 warship project, despite posting 39% first-half sales growth and a robust order backlog.
Nintendo’s fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
Nintendo beat profit and revenue estimates in its fiscal first quarter despite a 34.4% decline in Switch 2 hardware sales, maintaining its full-year outlook at 2.05 trillion yen.