Brenntag falls as slight Q3 earnings miss weighs

By Reuters News

** Shares in Brenntag BNRGn.DE fall around 2% in early Frankfurt trade after the German chemicals distributor posted a slight Q3 earnings miss

** Brenntag posts Q3 operating EBITDA of €385 million ($429.85 million), slightly below analysts' forecast of €388.7 million

** "Overall, with most companies in the sector beating Q3 estimates, Brenntag's modest miss against consensus in both Q3 and the implied Q4 outlook is likely to disappoint today," J.P. Morgan says

** The company expects FY operating EBITDA to come at the upper end of the €1.35-1.45 billion range

** "This is likely to keep alive the bear case of material earnings pressure when the Middle East conflict ends," JPM adds

** The stock is seen at the bottom of Germany's blue-chip index .GDAXI

($1 = 0.8957 euros)

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