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Shell profits soar to four-year high but still miss forecasts

Thu, 01st Nov 2018 07:08

LONDON, Nov 1 (Reuters) - Royal Dutch Shellreported on Thursday an almost 40 percent rise in third-quarterprofit to $5.6 billion, as rising crude prices helped quarterlyearnings to their highest in four years but still short offorecasts.

Net income attributable to shareholders in the quarter,based on a current cost of supplies (CCS) and excludingidentified items rose 39 percent to $5.624 billion from a yearago. That compared with a company-provided analysts' consensusof $5.766 billion. It was $4.691 billion in the second quarter.

Cash flow from operating activities for the third quarter2018 was $12.1 billion.

(Reporting by Ron BoussoEditing by Edmund Blair)

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