Sarah Morland and Olivier Sorgho

(Reuters). -French Train Maker Alstom (PA:). Shares of PA had a rough morning Thursday after the quarterly update about sales and orders generated mixed responses from financial analysts and traders.

After a rise of more than 3%, the stock plummeted to trade at 5%. The automatic trading suspension was initiated by Euronext Paris. It happened because investors had sold their holdings during the strong rally that began around the beginning of this year.

Alstom announced higher October-December sales and orders, its fiscal third quarter. It was driven by its growth in Europe as well as greater market power thanks to its purchase of Bombardier (OTC)’s railway unit last year.

Laurent Martinez, the chief of finance told analysts that the sales margin of no margin will remain constant over the second quarter of fiscal year. This is because the organization works to clear a backlog.

James Moore from Redburn, an analyst who thinks the market will adjust its profits expectations in the near future, stated that “Shares started moving within minutes after that comment.”

Alstom has confirmed that it is meeting all of its financial goals, which includes a return towards a positive cash flow from October to March after the first half outflows totalled nearly 1.5 billion Euros.

After marking up the provisions to integrate some of Bombardier’s challenging projects, it had previously been afraid of an even greater outflow.

With the acquisition worth 5.5 billion euro, the group will be the 2nd-largest player in its industry, after China’s CRRC.

Alstom stated that the integration is on track, and said it wouldn’t need any additional provisions.

Company that makes signals and trains for local and regional railway networks reported third-quarter revenues of 3.92 billion euro ($4.45 billion). This is an increase of 6 percent on a proforma basis. The company’s orders increased by 5%, to 4.58 billion.

Stock was at 13.10 GMT down 1.3%

($1 = 0.8811 euros)