Valeo seen posting flat Q3, expansion plans eyed

Newswire

PARIS, Oct 17 (Reuters) - Europe's largest listed car parts maker Valeo is likely to post flat third-quarter profits next week as industry woes erase gains from cost cuts, said analysts, who will look for details on its expansion plans. Seven analysts surveyed by Reuters predicted net profit at an average of 31 million euros ($35.9 million), unchanged from last year, and operating profit at 108 million euros, up slightly from 105 million, on sales down some seven percent at 2.09 billion ...

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