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Renault shares rise on stronger-than-expected Q3 revenue growth

By Reuters News

** Shares in French car maker Renault RENA.PA rise 2.4% on stronger-than-expected Q3 revenue growth

** Q3 revenue rose 1.4% at constant exchange rates to €11.6 billion ($12.93 billion) compared to an expected 0.3% decline in a company-compiled consensus of analyst forecasts

** J.P. Morgan sees it as a "solid quarter" despite the market headwinds

** "Management highlighting high sales channel quality and guided to YE inventory trending to low end of range and better availability of electrified vehicles at Dacia, altogether suggesting comfort in getting to guidance," Jefferies said

** Up to the previous session's close, shares were down 25.6% YTD

($1 = 0.8971 euros)

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