4:00 PM Frankfurt – Daimler profit tumbled 14% but revenues soared 13%. Orange revenues jumped 5%. Deutsche Wohnen for the second time rejected €14 billion hostile takeover offer from Vonovia and terminate merger agreement with LEG. Comdirect Bank profit soared 16%.
In London trading, FTSE 100 index gained 36.47 or 0.6% to 6,385.15 and in Frankfurt the DAX index jumped 254.90 or 2.5% to 10,490.74.
In Paris, CAC 40 index soared 110.39 or 2.4% to 4,805.49.
Adva Optical Networking SE
plunged 10.1% to €10.18 after the Germany-based optical and Ethernet-based networking solution provider said revenues in the third-quarter ending in September surged 40.4% from a year ago to €122.3 million.
Net income in the quarter doubled from a year ago to €8.58 million compared to €4.44 million and diluted earnings per share increased to €0.17 from €0.09.
The company forecasted revenues for the fourth-quarter in the range of €107 million to €117 million and operating income between 6% and 9% on revenues.
Comdirect Bank AG
jumped 2.7% to €10.35 after the Germany-based online bank stated net commission income in the nine-month period ending in September advanced 22.6% from a year ago to €174.8 million.
Net income in the quarter soared 16.1% from a year ago to €55.5 million compared to €47.8 million and diluted earnings per share increased to €0.17 from €0.09.
As of September, the bank said total number of customers increased to 2.95 million and total assets under custody increased to €60.76 billion from €58.94 billion.
increased 3.1% to €76.01 after the Germany-based passenger car maker reported revenues in the third-quarter ending in September soared 13% from a year ago to €37.28 billion.
Net income in the quarter tumbled 14% from a year ago to €2.42 billion compared to €2.82 billion and diluted earnings per share dropped to €2.23 from €2.56.
Revenues in Mercedes-Benz business unit jumped 11% to €20.71 billion and revenues in Daimler Trucks segment soared 14% to €9.65 billion.
Deutsche Wohnen AG
soared 4.5% to €25.05 after the Germany-based residential property developer rejected for the second time the ""hostile approach"" from the larger rival Vonovia SE for €14 billion or $15.9 billion and rejected offer as too low.
LEG Immobilien AG
jumped 4.3% to €70.78 after the Germany-based residential real estate developer terminate the merger agreement with Deutsche Wohnen with mutual consent.
The company had canceled the Extraordinary General Meeting scheduled on October 28.
surged 7.7% to €15.50 after the France-based mobile company reported revenues in the third-quarter ending in September jumped 4.9% from a year ago to €10.28 billion and operating profit edged up to €3.47 billion compared to €3.45 billion.