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Rolls-Royce profit beats consensus by 166.9% in H1

Rolls-Royce Holdings plc said its first-half normalized net income was 19 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 7 pence per share.

EPS rose 1,382.8% year over year from 1 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £343.8 million, an increase of 1,386.5% from £23.1 million in the prior-year period.

Total revenue climbed 17.1% year over year to £7.57 billion from £6.46 billion, and total operating expenses climbed 14.5% from the prior-year period to £7.15 billion from £6.24 billion.

Reported net income came to £1.58 billion, or 86 pence per share, compared with a loss of £1.77 billion, or a loss of 97 pence per share, in the prior-year period.