Investing.com - Rolls-Royce (OTC:RYCEY) Holdings reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rolls-Royce Holdings announced earnings per share of £-0.03 on revenue of £6.06B. Analysts polled by Investing.com anticipated EPS of £0.99 on revenue of £6,484M.
Rolls-Royce Holdings shares are down 16.68% from the beginning of the year, still down 31.96% from its 52 week high of £150.48 set on November 9, 2021. They are under-performing the STOXX 600 which is down 10.01% from the start of the year.
Rolls-Royce Holdings follows other major Industrials sector earnings this month
Rolls-Royce Holdings's report follows an earnings missed by Larsen&Toubro on January 28, who reported EPS of £0.1947 on revenue of £5.27B, compared to forecasts EPS of £0.2248 on revenue of £5.23B.
BAE Systems had missed expectations on Thursday with fourth quarter EPS of £0.24 on revenue of £10.18B, compared to forecast for EPS of £22.01 on revenue of £11,338M.
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