** Shares in Swiss travel retailer Avolta AVOL.S drop 1.3%,pares losses after falling as much as 5%, on Q3 organic growth slightly below expectations
** Analysts point to the Q3 organic sales growth of 4.8% missing consensus estimates of 5.4%
** "The organic miss in Q3 was largely due to the US with all other regions showing very positive growth, and this also followed through to slightly lower EBITDA versus consensus," J.P. Morgan says
** The broker though flags that Q4 shows sequential organic improvement
** "In our view the outlook into Q4 could be enough to offset any disappointment on the lower than expected Q3 organic", JPM adds
** Up to the previous session's close, shares were up 14.7% YTD.
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))