STOCKS NEWS EUROPE-SolarWorld up on strong Q3 results

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08:41GMT 03Nov2008-SolarWorld up on strong Q3 results

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Shares in German solar energy company SolarWorld (SWVG.DE) rise 7.8 percent to become one of the biggest gainers on the Frankfurt's technology index .TECDAX, as preliminary third-quarter earnings before interest and tax (EBIT) come in above market expectations.

EBIT was up 67.3 percent at 90.7 million euros beating an average estimate of 67 million euros in a Reuters poll of analysts.

"Preliminary results for Q3 2008 clearly exceeded our and consensus forecasts for EBIT which makes us feeling comfortable with our full year estimate," Equinet analyst Sebastian Growe writes in a note, confirming a "buy" rating.

The company, which is due to report final third-quarter results on Nov. 14, also says it still expects profits and sales to exceed the target of 25-30 percent growth in 2008. For 2009, SolarWorld aims for profit and sales growth of 25-30 percent, the company's Chief Executive Frank Asbeck tells Reuters.

For more double click on [ID:nLV744352]

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

08:26GMT 03Nov2008-Gambling group Codere up on potential sale

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Shares in Spanish gaming group Codere (CDRE.MC) jump 8.7 percent to 10.0 euros on hopes for a potential sale by its core shareholders after they failed to make a final payment on their stake acquisition last Friday.

"We continue to think that a sale process will occur and Codere will raise interest, being a defensive stock," Ibersecurities analysts say in a note.

Ibersecurities estimates valuations of between 13.50 and 21.0 euros per share for the company. For more please double click on [ID:nLV315669]