Pirelli Q3 Operating Income Beats Forecasts
Italian tyre maker Pirelli reported a 2.1 percent rise in third quarter operating income, driven by higher-priced products and cost cuts. The company confirmed its full year forecasts despite weaker wider market conditions.
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PIRELLI & C SPA posted a 2.1% rise in third-quarter operating income to €283 million ($320 million) on Thursday afternoon, beating analyst forecasts.
