Investing.com - Rolls-Royce (OTC:RYCEY) Holdings reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rolls-Royce Holdings announced earnings per share of £-0.1929 on revenue of £5.60B. Analysts polled by Investing.com anticipated EPS of £2.25 on revenue of £5,226M.
Rolls-Royce Holdings shares are down 31.27% from the beginning of the year, still down 43.87% from its 52 week high of £150.48 set on November 9, 2021. They are under-performing the TR UK 50 which is up 4.59% from the start of the year.
Rolls-Royce Holdings shares lost 6.96% in intra-day trade following the report.
Rolls-Royce Holdings follows other major Industrials sector earnings this month
Rolls-Royce Holdings's report follows an earnings missed by Relx on July 28, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.
Larsen&Toubro had missed expectations on July 26 with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1665 on revenue of £4.38B.
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