** Shares in Hexagon HEXAb.ST rise 7% after the Swedish industrial group posted better-than expected Q4 results, weathering macroeconomic challenges
** It books an adjusted EBIT for Q4 at 450.3 million euros ($468.0 million), against 428 million euros expected by analysts on average
** It touts a return to positive organic growth, while citing "difficult macroeconomic conditions"
** "We would expect some slight upward pressure (~LSD%) to consensus estimates at this stage", J.P.Morgan analysts say
** The broker expects a positive read-across to other product lifecycle management software companies like Dassault DAST.PA, Siemens Digital, PTC PTC.O and Autodesk ADSK.O
** Hexagon shares jump to highest level since April
(Reporting by Boleslaw Lasocki)
((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.