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P911 Dr Ing hc F Porsche AG News Story

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Porsche shares climb 4% as Q3 adjusted EBIT beats expectations

** 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))

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