Shell beats third-quarter expectations with 50 percent rise in profit

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Reuters LONDON
Last Updated : Nov 02 2017 | 12:57 PM IST

LONDON (Reuters) - Royal Dutch Shell beat analysts' expectations for third-quarter earnings on Thursday, reporting a roughly 50 percent rise in underlying net profit.

Net income attributable to shareholders, based on a current cost of supplies (CCS) and excluding exceptional items, came to $4.1 billion, compared with a company-provided analysts' consensus of $3.62 billion.

That was up from net income of $2.72 billion a year earlier.

(Reporting by Karolin Schaps and Ron Bousso; editing by Jason Neely)

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First Published: Nov 02 2017 | 12:47 PM IST

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