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ASM, Bayer Rise on Robust Third Quarter As Lufthansa Loses Altitude

Renee Cordes
10/30/14 8:09 AM EDT
After an initial morning jolt, European indices fell on Thursday as a holdup over a gas supply deal between Russia and Ukraine overshadowed an unexpected fall in German unemployment and Wednesday’s news from the U.S. Federal Reserve. In Amsterdam, ASM International NV soared as the maker of semiconductor wafer-processing equipment posted better-than-expected third-quarter net sales and its board gave the green light for a share buyback of up to €100 million. In Frankfurt, shares of Bayer AG rose after Germany’s largest drugmaker said third-quarter Ebitda rose to €2.01 billion from €1.3 billion a year earlier and raised its full-year sales forecast. But German carrier Deutsche Lufthansa AG lost a bit of altitude after downgrading its results projections for 2015, which it still expects to be “significantly” higher than this year’s.
Stocks in this video: ASM:NABAYA:GRLHA:GR

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