STOCKS NEWS EUROPE-MTU Aero rises after results, outlook
Shares in German engine maker MTU Aero Engines (Other OTC: MTUAY - news) rise 1.7 percent after the group reports fourth-quarter results and says profits will be stable in 2014.
"In principle, the outlook is below sell-side expectation on the sales and earnings line, but we believe that this should not be seen as a real negative surprise," writes Equinet analyst Adrian Pehl.
Shares in MTU Aero are down 12 percent so far this year, against a 2 percent rise for German midcaps.
Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net