Rolls-Royce shares soar by 23% after annual results crush expectations
Publishing timestamp: 2023-02-23 09:17:09
Summary
Shares of FTSE 100-listed aviation manufacturer Rolls-Royce soared, after the company's annual results sharply beat expectations. The company recorded 652 million ($786 million) of underlying profit last year, exceeding analyst forecasts near 478 million. The company attributed the results to recovering demand for international travel. The stock was up by 23% at roughly 1:30 pm London time. The company projects "a continued recovery in our end markets" and further increases to returns in 2023.
Sentiment: POSITIVE
Tickers: RR.-GB,
Keywords: rolls-royce holdings plc, markets, business news,
Source: https://www.cnbc.com/2023/02/23/rolls-royce-shares-soar-after-annual-results-crush-expectations.html