Fuchs Petrolub: Rises after Q3 beat
30/10/2019 07:40
** Shares in German lubricant maker Fuchs Petrolub
FPEG_p.DE rise 5.7% in pre-market trade after Q3 results
** Company says 9-month 17% decline in earnings was less
significant than feared in July and now expects full-year sales
revenue and EBIT to be in upper end of previous guidance
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** Credit Suisse says Q3 EBIT results are 11% above the
broker estimates and 21% above consensus
** The beat was driven by Europe, with Americas slightly
behind, CS adds
** "We expect share price support given the beat vs
consensus and the increase to guidance," Credit Suisse says
((Veronica.snoj@tr.com))