Continental Trades Lower After Q3 Profit Miss Estimates

Continental AG fell the most in eight weeks after the German car-parts maker stuck to its 2015 revenue forecast as slowing economic growth holds back gains in global vehicle markets. The Hanover-based manufacturer, which raised its sales forecast three times this year, said it still expects revenue in 2015 to exceed 39 billion euros ($42 billion). That compares with analyst estimates of 39.1 billion euros. Continental CFO Wolfgang Schaefer spoke to Bloomberg’s Manus Cranny on “The Pulse.”

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