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Outlook cut, Q3 miss drag down Tokmanni share

** Shares in Finnish budget retailer Tokmanni TOKMAN.HE falls more than 15%, after it reported a miss on its Q3 revenue and EBIT lines, and trimmed its full-year outlook

** Its Q3 revenue came in at EUR 432.8 million ($504.73 million), missing the IBES estimate of EUR 441.8 million

** Quarterly adjusted EBIT of EUR 26.4 million came below the Inderes estimate of EUR 30.7 million, due to weak performance at Dollarstore, Inderes says

** The board of Directors decided not to pay a second dividend to strengthen the balance sheet, the company also said

** "The valuation had fallen before the report, but we do not believe the report will be sufficient for investors and we expect a negative reaction in the share price," Inderes says

** Tokmanni trimmed its full-year outlook range for revenue to EUR 1,710-1,750 million (previously EUR 1,700-1,790 million), and comparable EBIT to EUR 85-95 million (previously EUR 85-105 million)

** If losses hold, Tokmanni shares will track their worst day ever

($1 = 0.8575 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))

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