BUZZ-Renishaw: Strong results, outlook lift stock off 7-month low

** Machine tool probe and gauge maker Renishaw (Other OTC: RNSHF - news) 's shares boosted by strong FY15 results which outweigh concerns about demand from large customers

** Stock, which has shed about a quarter of its value since early May amid fears over deteriorating demand from Apple (Swiss: AAPL.SW - news) & Samsung, up 6.9% & poised for best day since January in volume c.3.5x its 90-day daily avg

** Co's FY16 outlook for rev ahead and pretax profit in-line with expectations

** Consensus for FY16 pretax profit at 98.65 mln pounds on rev of 439.7 mln pounds, according to Thomson Reuters I/B/E/S

** "Outlook looks like a positive surprise and demonstrates confidence that the growth drivers are in fact much broader," Numis says

** Co supplies precision engineering tools to contract manufacturers who make Apple (NasdaqGS: AAPL - news) and Samsung products

** Apple recently missed iPhone targets, forecast also weak; this on the heels of weaker-than-expected Q2 earnings guidance from Samsung early July (abhiram.nandakumar.thomsonreuters.com@reuters.net)