Renault Shares Jump as Revenue Rises on Sales to Nissan, Daimler
- Third-quarter revenue rose faster than analysts expected
- Renault's sales were `irritatingly good', Max Warburton says
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Renault SA shares rose to their highest level in two months after reporting better-than-expected revenue in the third quarter, bolstered by rising sales to partners Nissan Motor Co. and Daimler AG.
Shares jumped as much as 7.5 percent to 6.13 euros, the highest price since Aug. 11, and were up 4.90 percent at 10:26 a.m. in Paris, extending the company’s gain this year to 41 percent.