FRANKFURT (dpa-AFX) - Flatexdegiro shares reached another record high on Thursday. At a peak of €33.28, the shares were a good 7 percent above the previous day's Xetra closing price. Most recently, the gain was 5.5 percent. Since the beginning of the year, the share price has risen by more than 120 percent.
Flatexdegiro exceeded average market expectations by 7 percent with its third-quarter revenue, said one stock trader. Net profit was even 16 percent above market expectations. The latter benefited from a continued reduction in costs.
The online broker's new targets are higher than the market had hoped for, said another trader. The target range for revenue this year is €530 to €550 million, which is above the average expert estimate of €516 million. The same applies to the company's higher target range for operating profit, which also exceeds current market expectations.
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