PLANEMAKER AIRBUS UPHOLDS FULL-YEAR TARGETS AS QUARTERLY PROFIT RISES

Airbus maintained financial and industrial targets as it posted higher-than-expected third-quarter core profit and revenues on Wednesday, led by demand for profitable models and a favourable annual comparison for its troubled space business.

The world's largest planemaker said its widely-watched adjusted operating profit rose 39% to 1.407 billion euros ($1.53 billion) in the quarter as revenues rose 5% to 15.689 billion. Analysts were on average expecting third-quarter operating profit of 1.2 billion euros on revenues of 15.302 billion.

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