** Shares in Porsche AG P911_p.DE rise around 4% to their highest since May after the German luxury carmaker reported better-than-feared Q3 adjusted operating loss and confirmed its guidance
** The company posted Q3 adjusted operating loss of EUR 967 million compared with consensus expectations cited by Jefferies of 1,094 million loss
** Jefferies also notes that the update didn't bring any "incremental negative" and was consistent with the company's recent updates
** "Revenue total came in slightly below but EBIT came in slightly above. We think this could potentially be a positive for shares," RBC says in a note ahead of the market open
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))