* CONTINENTAL FIGS
FRANKFURT (Dow Jones)–German auto supplier and tire maker Continental AG
(CON.XE) said Wednesday third-quarter net profit fell 27% on the year mainly
due to restructuring charges and high raw material costs, but confirmed its
full-year outlook of achieving higher revenues and earnings this year compared
to 2005.
Net profit came in at EUR235 million after EUR322 million in the third
quarter last year, missing analysts’ estimates of EUR254 million.
Earnings before interest and taxes, or EBIT, fell 12% on the year to EUR394
million from EUR450 million last year. Revenues came in at EUR3.71 billion, up
8.2% on the year from EUR3.43 billion. Analysts had expected EBIT of EUR409
million and revenues of EUR3.8 billion.