October 31, 2018 / 7:31 AM / 10 months ago

Airbus says tougher to meet delivery target after factory snags

PARIS, Oct 31 (Reuters) - European planemaker Airbus maintained its key target for jet deliveries on Wednesday, but warned reaching it would be a "greater stretch" after a sequence of industrial problems.

The more cautious tone on deliveries, which drive key financial figures, came as Europe's largest aerospace group posted higher than expected third-quarter core earnings.

The maker of jetliners, satellites and helicopters said it had made an adjusted operating profit of 1.576 billion euros ($1.8 billion) in the quarter on revenues of 15.451 billion.

Analysts were on average expecting third-quarter adjusted operating profit of 1.441 billion euros on sales of 15.316 billion, according to a Reuters poll.

Airbus' results came a week after its U.S. rival Boeing stronger-than-expected quarterly profit and raised its 2018 sales and profit estimates.

$1 = 0.8815 euros Reporting by Laurence Frost and Tim Hepher; Editing by Sudip Kar-Gupta

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