Zalando rises in early trade after Q3 res, guidance hike
** Shares in Zalando ZALG.DE rise 1.6% in early Frankfurt trade after the German online retailer reported Q3 EBIT beat and hiked its FY guidance
** "Impressive 3Q24," Baader Helvea says in a note, adding that GMV growth, sales growth and adj. EBIT increase from EUR 23 mln to EUR 93 mln "exceeded all expectations"
** Analysts note strong Q3 results, though say the upgrade is likely already reflected in the share price
** "Overall, in our view it was a positive and encouraging update from Zalando," J.P.Morgan says
** It notes however that shares rose about 40% in the last month and upgrades to FY 2025 are held back by planned growth investments
** Stock is at the top of the Germany's blue-chip index .GDAXI
Reporting by Ozan Ergenay
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