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RRVery BullishEarningsnews
Materiality pending

Latest beat-and-raise boosts Rolls-Royce, one of Europe’s hottest stocks - MarketWatch

Aug 1, 2024, 5:21 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

Rolls-Royce shares surged 9%, up 155% over 52 weeks. Pretax profit nearly doubled to £1.08 billion, beating analyst expectations. Reintroduced shareholder distributions at 30% of underlying after-tax profits. Civil aerospace unit reported 27% revenue growth, improving operating profit by 85%. Updated profit expectations increased to £2.1-£2.3 billion, reflecting strong performance.

  • Rolls-Royce shares surged 9%, up 155% over 52 weeks.
  • Pretax profit nearly doubled to £1.08 billion, beating analyst expectations.
  • Reintroduced shareholder distributions at 30% of underlying after-tax profits.
  • Civil aerospace unit reported 27% revenue growth, improving operating profit by 85%.
  • Updated profit expectations increased to £2.1-£2.3 billion, reflecting strong performance.

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