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Heidelberg Materials' shares rise on Q3 beat

By Reuters News

** Heidelberg Materials HEIG.DE shares rise 7% after the building materials maker reported higher-than-expected sales for the third quarter

** Heidelberg Materials' revenue increased by 10% to €6.41 billion ($7.20 billion), compared with analysts' expectations of €6.19 billion, according to a poll by Vara research

** "Overall, the Q3 beat and positive price/cost, coupled with the expansion of the TAI plan, and the reiteration of full-year guidance, is likely to be taken well today," J.P. Morgan writes

** Heidelberg Materials' stock tops Germany's blue-chip index .GDAXI

** Up to the previous session's close, shares were down 29.8%​ YTD.

($1 = 0.8905 euros)

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