STOCKS NEWS EUROPE-AB InBev shares down after Q3 results

Shares in AB InBev (ABI.BR) drop 2 percent after mixed third-quarter results, with lower revenue than expected but higher core profit and guidance described as "solid" by one analyst. [ID:nLA37810]

"Last quarter you had a big upside surprise. These are relatively positive numbers, although volumes are weaker," says KBC Securities analyst Wim Hoste.

The shares trade up at 31.45 euros, compared with a 0.3 percent drop of the DJ STOXX European food and beverage index .SX3P.

After roughly doubling in price in the year to date, the shares are no longer cheap, Hoste says.

"You've also had divestments, integration of Anheuser-Busch and deleveraging so there are no obvious price triggers," he adds.

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