Continental's Results Demonstrate Tire Division's Strength -- Market Talk

Dow Jones

Nov 11, 2024

1001 GMT - Continental's third-quarter performance demonstrates the strength of its tires division and the continued improvement in its automotive segment, Jefferies analysts write in a research note. Tires reported a 14.5% margin and automotive a 4.2% margin for the quarter, they add. The downgraded sales guidance--now 39.5 billion euros to 42.0 billion euros, from 40.0 billion euros to 42.5 billion euros--is more in line with market expectations, they write. The key for the stock price is Continental's assertion that the performance of the automotive division is progressing and is fulfilling requirements for a spinoff in 2025, the analysts add. Shares rise 7.3% at 60.60 euros. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 05:02 ET (10:02 GMT)

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Tires reported a 14.5% margin and automotive a 4.2% margin for the quarter, they add. The downgraded sales guidance--now 39.5 billion euros to 42.0 billion euros, from 40.0 billion euros to 42.5 billion euros--is more in line with market expectations, they write. The key for the stock price is Continental's assertion that the performance of the automotive division is progressing and is fulfilling requirements for a spinoff in 2025, the analysts add. Shares rise 7.3% at 60.60 euros. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2024 05:02 ET (10:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Continental's Results Demonstrate Tire Division's Strength -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContinental's Results Demonstrate Tire Division's Strength -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-11 18:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1001 GMT - Continental's third-quarter performance demonstrates the strength of its tires division and the continued improvement in its automotive segment, Jefferies analysts write in a research note. Tires reported a 14.5% margin and automotive a 4.2% margin for the quarter, they add. The downgraded sales guidance--now 39.5 billion euros to 42.0 billion euros, from 40.0 billion euros to 42.5 billion euros--is more in line with market expectations, they write. The key for the stock price is Continental's assertion that the performance of the automotive division is progressing and is fulfilling requirements for a spinoff in 2025, the analysts add. Shares rise 7.3% at 60.60 euros. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2024 05:02 ET (10:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTTAY","symbol_name":"Continental AG","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482205806","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482205806","pubTimestamp":1731319320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1001 GMT - Continental's third-quarter performance demonstrates the strength of its tires division and the continued improvement in its automotive segment, Jefferies analysts write in a research note. Tires reported a 14.5% margin and automotive a 4.2% margin for the quarter, they add. The downgraded sales guidance--now 39.5 billion euros to 42.0 billion euros, from 40.0 billion euros to 42.5 billion euros--is more in line with market expectations, they write. The key for the stock price is Continental's assertion that the performance of the automotive division is progressing and is fulfilling requirements for a spinoff in 2025, the analysts add. Shares rise 7.3% at 60.60 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CTTAY":"Continental AG","BK4124":"机动车零配件与设备"},"translate_title":"大陆集团的业绩展示了轮胎部门的实力——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTTAY":0.9},"content_text":"1001 GMT - Continental's third-quarter performance demonstrates the strength of its tires division and the continued improvement in its automotive segment, Jefferies analysts write in a research note. Tires reported a 14.5% margin and automotive a 4.2% margin for the quarter, they add. The downgraded sales guidance--now 39.5 billion euros to 42.0 billion euros, from 40.0 billion euros to 42.5 billion euros--is more in line with market expectations, they write. The key for the stock price is Continental's assertion that the performance of the automotive division is progressing and is fulfilling requirements for a spinoff in 2025, the analysts add. Shares rise 7.3% at 60.60 euros. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2024 05:02 ET (10:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}