Eni lowers production outlook, third quarter beats expectations

MILAN (Reuters) - Italian oil major Eni <ENI.MI> lowered its production growth target for the year after profits in the third quarter rose to beat expectations.

Adjusted net profit in the quarter rose to 1.39 billion euros (1.3 billion pounds), boosted by oil prices, from 0.229 billion euros a year ago, above an analyst consensus provided by the company of 1.02 billion euros.

(Reporting by Stephen Jewkes, editing by Valentina Za)