Italy's Poste operating profit beats forecast in Q3
MILAN, Nov 6 (Reuters) -Italian postal service operator Poste Italiane PST.MI on Wednesday reported better-than-expected operating profit in its third quarter, helped by a positive performance by all its diversified businesses.
Poste, which has insurance, financial and digital payment divisions besides the traditional mail and parcels segment, said adjusted earnings before interest and tax (EBIT) rose to 789 million euros ($848 million) in the quarter from 539 million euros a year earlier.
That was abovean analyst consensus compiled by the company of 741 million euros.
Revenue in the quarter came in at 3.06 billion euros, 9.6% up from a year before. That effectively matches a forecast of 3.05 billion euros.
($1 = 0.9301 euros)
Reporting by Elvira Pollina
Editing by Keith Weir
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