0904 GMT - Michelin's guidance for 2025 offers some relief given that the company points to rising earnings, Deutsche Bank's Christoph Laskawi says in a note. The French tire maker reported revenue and earnings that were in line with expectations, while its cash generation beat forecasts, the analyst says. More importantly, the company guided for growing earnings in 2025, which is in line with expectations but should provide relief to those who feared worse, Laskawi says. Michelin didn't hint at an extension to its 1 billion-euro buyback program, but this could come in the second half of the year, the analyst says. Shares jump 5.2%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 04:04 ET (09:04 GMT)
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