Safilo jumps after reporting Q3 results above estimates

Shares in Italy's Safilo SFLG.MI jump around 8% after the eyewear maker posted Q3 results above analyst estimates

Safilo's Q3 sales came in at 220.8 million euros, up 2.1% at constant rates, while its adjusted EBITDA margin stood at 10.0%

Brokerages Equita, Akros and Intermonte all say the results beat their estimates

"Overall, a very solid quarter," Equita says in a note, though adds that still challenging consumer environment prevents it from making estimate revisions

Intermonte highlights positive trend at brands such as Carrera, Marc Jacobs, BOSS and growing sales in Europe and Asia-Pacific regions, offsetting weakness in North America

Up to the previous session's close the stock was up 80% YTD