A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany.
LONDON — Shares of Rolls-Royce rocketed to their highest level since the start of the pandemic Wednesday morning after the British aerospace and defense firm raised its full-year profit guidance and said it would vastly outperform expectations for its half-year results.
Market consensus is currently for a £934 million underlying operating profit, the company said.
It added that it sees its first-half underlying operating profit, due August 3, coming in at just over double analyst expectations of £328 million.
Rolls-Royce makes engines for Airbus and Boeing.
Persons:
Royce rocketed
Organizations:
Rolls Royce, Royce, LONDON, Airbus, Boeing
Locations:
Blankenfelde, Berlin, Germany, British