Shares in Saipem rise on Q3 beat, guidance hike
** Shares in Italy's Saipem SPMI.MI rise as much as 5.5% after the oil services operator posted consensus-beating Q3 and raised its FY guidance
** Saipem's Q3 revenue rises to 3.71 billion euros ($4.01 billion), with adj. EBITDA surging to 340 million euros
** J.P. Morgan deems the results a "solid beat" and expects a positive reaction to the strong FCF, in addition to positively trending execution margins and the company's attractive valuation
** Jefferies highlights Saipem's backlog record over 33 billion euros and estimates 125 million euros in dividend payout in 2025, equal to a 3% dividend yield
** "Very strong results, increase in guidance and therefore buy", a Milan-based analyst says
** The group expects FY revenue to exceed 14 billion euros, and EBITDA to be above 1.3 billion euros
** At 0806 GMT the stock rises 3.8%, outperforming the STOXX .STOXX index, which rises by 0.5%
** Including Thursday's rise, the stock has gained 43.1% YTD
($1 = 0.9260 euros)
Reporting by Michela Stasio, Giancarlo Navach, editing by Enrico Sciacovelli
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