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Repsol climbs on Q3 earnings beat, guidance hike, share buyback

By Reuters News

** Shares in Spain's Repsol REP.MC rise 2.2% after the energy company posted a Q3 earnings beat and hiked its cash flow guidance for the year

** The company's Q3 adjusted profit was €2.71 billion ($3.02 billion), beating €2.63 billion seen in a company-compiled analysts poll

** Repsol also announced it would buy back shares worth €950 million ($1.06 billion)

** "Strong operational performance and the supportive macro backdrop also drive beats", Berenberg says, adding the solid set of results should be well-received

** "Strong delivery on all fronts including buybacks and dividends," Jefferies says

** The stock has gained about 83% YTD​

($1 = 0.8971 euros)

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