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STOCKS NEWS EUROPE-ThyssenKrupp seen up on Q1 earnings beat

Reuters - UK Focus

Shares in ThyssenKrupp (Xetra: TKA.DE - news) are indicated to rise 3.3 percent to the top of Germany's blue-chip index, according to premarket data, after a smaller loss at its Brazilian steel mill helped the German industrial conglomerate post a better-than-expected quarterly operating profit.

"Better profitability should work positive for shares," a local trader says.

ThyssenKrupp reports that adjusted earnings before interest and tax (EBIT) for its fiscal first quarter through December more than doubled to 247 million euros ($337.55 million), beating the average forecast of 213 million euros given in a Reuters poll of analysts.

Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net ($1 = 0.7317 euros)