European shares up for fifth session; Altice boosted by results

martes 9 de agosto de 2016 05:38 GYT

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* STOXX Europe 600 index up 0.2 pct

* Altice and SFR among top gainers

* Miners track weaker metals prices

By Atul Prakash

LONDON, Aug 9 (Reuters) - European shares advanced for a fifth straight session on Tuesday as companies like Altice continued to report quarterly results that exceeded forecasts.

Shares of the telecoms group Altice surged 11 percent after the company said second-quarter core operating profit grew 2.7 percent, beating forecasts in a Reuters poll, as its Portuguese and U.S. businesses offset a decline in profitability at its subsidiary SFR.

However, SFR also rose 10.5 percent, after the company said a price war in France's mobile market showed signs of easing .

Overall, the second-quarter earnings season has been encouraging so far. Of the 77 percent of companies in the STOXX Europe 600 index that have reported results, 61 percent have met or beaten expectations, according to StarMine data.   Continuación...