EADS beat forecasts

Paris: Europe’s EADS unveiled stronger-than-expected third-quarter earnings boosted by planemaker unit Airbus on Thursday and reaffirmed its financial targets, in a back-to-basics presentation following the failure of merger talks with BAE.

Tom Enders, chief executive of the world’s second largest aerospace firm after Boeing, pledged to put “strong emphasis” on cash generation and ensuring that deliveries of Airbus pasenger jets remained on course in the final quarter.

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