financetom
Business
financetom
/
Business
/
Pirelli's third-quarter operating profit rises above forecasts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pirelli's third-quarter operating profit rises above forecasts
Nov 9, 2024 12:23 PM

(Reuters) - Italian tyre maker Pirelli said on Thursday its operating profit rose more than expected in the third quarter, thanks to growing volumes, product mix and efficiencies.

The company said adjusted earnings before interest and tax (EBIT) grew 4.4% in the quarter to 276.8 million euros ($2.99 billion), higher than 270 million euros in an analyst consensus provided by the company.

Pirelli confirmed its guidance for 2024, narrowing its outlook on full-year revenue to about 6.7 billion euros from between about 6.6 and 6.8 billion it had forecast in August.

($1 = 0.9266 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Boxabl And FG Merger II Corp Sign Merger Agreement To Pursue A Boxabl Public Listing On Nasdaq
BRIEF-Boxabl And FG Merger II Corp Sign Merger Agreement To Pursue A Boxabl Public Listing On Nasdaq
Aug 5, 2025
Aug 5 (Reuters) - FG Merger II Corp ( FGMC ): * BOXABL AND FG MERGER II CORP. SIGN MERGER AGREEMENT TO PURSUE A BOXABL PUBLIC LISTING ON NASDAQ * FG MERGER II CORP ( FGMC ) - TO ISSUE 350 MILLION SHARES TO BOXABL, VALUING AT $3.5 BILLION * FG MERGER II CORP ( FGMC ) - COMBINED COMPANY...
Alcon Expands Vision Correction Portfolio With STAAR Surgical Acquisition
Alcon Expands Vision Correction Portfolio With STAAR Surgical Acquisition
Aug 5, 2025
On Tuesday, the eye care company Alcon Plc agreed to acquire STAAR Surgical Company ( STAA ) , the manufacturer of the implantable collamer lens (ICL). The acquisition includes the EVO family of lenses (EVO ICL) for vision correction for patients with moderate to high myopia (nearsightedness), with or without astigmatism. Alcon ( ALC ) will purchase all outstanding shares...
SentinelOne to Buy Prompt Security for Undisclosed Sum
SentinelOne to Buy Prompt Security for Undisclosed Sum
Aug 5, 2025
09:26 AM EDT, 08/05/2025 (MT Newswires) -- SentinelOne ( S ) said Tuesday it agreed to acquire Prompt Security in a cash and stock deal. Financial terms were not disclosed. Prompt Security helps enterprises to monitor and control generative AI use in real time, offering protection against data leakage, prompt injection, and model abuse, the company said. The deal is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved