Rolls Royce beats earning expectations

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The aero-engineering company Rolls-Royce has beat its first-half-year earnings expectations and has increased 2023 profit forecast by 45%. The announcement caused a 24.00% surge of the company's stock price. In addition, the stock has reached highest levels since March 2020.

The company's earnings have been boosted by operational improvements, recovery of long range aero flights and increased global military spending. Rolls Royce expects the 2023 full year profit to be in the range between $1.6 and $1.8 billion.
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