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BUZZ-Rolls-Royce: out of steam after profit warning

Reuters - UK Focus

** Rolls-Royce slides to 22-month lows on strong volumes after warning that it would not return to growth next year.

** Stock worst performer across the FTSE 100 by some distance, $2.2 bln in market-cap wiped out.

** Suffers sharpest one-day loss since Feb when company last issued a profit warning.

** Forecasts have been under pressure. In past 30 days, 10 of 25 analysts have cut Rolls-Royce EPS forecasts for year ending Dec 2014 by average 0.5 pct, according to StarMine.

** Medium term outlook slightly better, analysts say, highlighting cash conversion as a positive.

** Weakness is stock not spreading to peers; IMI (LSE: IMI.L - news) , Melrose Industries (Other OTC: MLSPF - news) up 2.5 pct and 1 pct respectively.

** Rolls-Royce now in 'oversold' territory, at 21.6 on the 14-day RSI.

(RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net; alasdair.pal.thomsonreuters.com@reuters.net)