Porsche shares rise 3% after narrower than feared operating loss

(Reuters) -Shares of Porsche AG gained more than 2% on Monday after the German luxury carmaker reported on Friday an adjusted operating loss that was smaller than the market had feared and confirmed its full-year guidance.

The company's third-quarter adjusted operating result swung to a loss of 967 million euros ($1.1 billion), but analysts from Jefferies said the market consensus had expected the loss to be even wider at 1.09 billion euros.

RBC analysts wrote in a research note published on Friday that this beat could boost the Porsche shares.

($1 = 0.8575 euros)

(Reporting by Amir Orusov in Gdansk, editing by Milla Nissi-Prussak)