UPDATE 1-Continental earnings up 17 pct, miss forecasts

Newswire

(Adds details, background, share) FRANKFURT, Feb 23 (Reuters) - German tyre and car parts supplier Continental AG posted a 17 percent rise in fourth-quarter operating profit, it said on Thursday, but shares fell at first after it missed market expectations. Earnings before interest and tax increased to 371 million euros ($441.5 million) versus an average forecast of 390 million euros from 19 analysts polled by Reuters and an IFRS-restated figure of 316 million a year earlier. Its ...

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