** Shares in Fuchs FPEn.DE rise around 3% in early Frankfurt trade after the German car lubricants maker reported a beat on its Q3 core profit and confirmed FY outlook
** Fuchs reported Q3 EBIT of 117 million euros ($136.45 million), beating analysts' average forecast of 114 million euros according to a poll by Vara Research
** Jefferies highlights that the improvement vs Q2 alongside cost-avoidance measures came from a significant uplift in earnings across North and South America, describing the company's Q3 numbers as "solid"
** It says the impact of an unfavorable product portfolio mix has diminished over the past three months, while the regions continue to face challenges from a weak economic environment
** "Following a rather negative sentiment which has clouded the stock following the guidance downgrade in July, this print should provide some relief today," the broker says
** The stock is seen at the top of Germany's mid-cap index .MDAXI
($1 = 0.8575 euros)
(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))