Markets

VW stocks rise 4pc over better than expected third quarter earnings

Published October 28, 2015 Updated October 28, 2015 09:15am

1 min

By Parvez Jabri

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FRANKFURT: Shares in Volkswagen jumped more than 4 percent on Wednesday, boosted by earnings that were better than expected given the massive pollution cheating scandal in which the company is embroiled.

The auto giant touched an intra-day high of 109.55 euros, up 4.18 percent from Tuesday's close, after it said net loss for the third quarter reached 1.67 billion euros. Analysts had forecast on average a loss of 2.12 billion.

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