Continental posts strong earnings, raises outlook

Newswire

FRANKFURT, Oct 31 (Reuters) - German tyre and car parts maker Continental posted a nine-month core operating profit on Thursday that beat expectations and raised its 2002 profit outlook, highlighting progress in restructuring. The company posted nine-month earnings before interest, tax and amortization (EBITA) of 547 million euros ($538 million), up from 309 million a year ago and beating a mean forecast of 473 million euros in a Reuters poll of 14 analysts. Confirming a Reuters report ...

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