Q3 earnings, margin beats boost YIT shares
** Shares in YIT rise 13% after the Finnish construction and developmentcompany's earnings beat estimatesin Q3
** Despite a decrease on net sales line, YIT's adj. EBIT rose toEUR 26 million in the quarter, beating estimate of EUR 11.6 million seen in Vara Research consensus
** Inderes analysts Olli Koponensays earnings developed better than expected thanks to residential sales in the CEE countries and one-off items
** Koponen also highlightsQ3 margin whichincreased to 5.7% from 3.0% a year ago and came in"well above consensus and our expectations"
** YIT keptits guidance unchanged, adding that housing market recovery in the Baltic countries and Central Eastern Europe is expected to continue, while staying on the same level in Finland
** The stock is on track for its best day since May, when it closed 17.7% higher
($1 = 0.9210 euros)
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