UPDATE 4-EADS Q3 dips, stays cautious on FY

Mon Nov 16, 2009 12:15pm GMT
 
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* Q3 EBIT before one-offs 381 mln euros, Q3 net loss 87 mln

* No FY EBIT guidance, too much uncertainty

* "Cautiously envisaging" economic improvement in next mths

* Confirms FY 2009 300 gross aircraft order estimate

* EADS shares up 3.27 pct on good cash position

By Helen Massy-Beresford and Matthias Blamont (Adds extra comments from conference call, updates shares)

PARIS, Nov 16 (Reuters) - EADS (EAD.PA) unveiled a 77-percent drop in third-quarter core profit on Monday, hurt by the downturn in civil aviation, the weak dollar and delays to its A400M programme. [ID:nLG464923]

Core earnings of 201 million euros ($301 million) beat forecasts but Europe's largest aerospace group passed on full-year guidance, citing uncertainty over the impact of delays to the A400M and A380 programmes on the fourth quarter. [ID:nLB254530]  Continued...

 

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