OMV Quarterly Net Rises 12 Percent, Beats Estimates

OMV AG, central Europe’s biggest oil company, said third-quarter profit rose 12 percent, beating analyst estimates.
Net income excluding costs of revaluing inventories rose 12 percent to 290 million euros ($400 million), or 97 cents a share, from 259 million euros, or 87 cents, a year earlier, the Vienna-based company said in a statement on its website today. Analysts had expected profit to fall to 249 million euros, according to the median of nine analysts surveyed by Bloomberg.
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Source: Bloomberg