German automotive parts manufacturer Continental reported strong third-quarter earnings on Wednesday, but revised its forecast for the fiscal year down due to sluggish demand. Net income was €486 million ($519 million), up 62.8% from €299 million in the previous year, with earnings per share increasing from €1.49 to €2.43. The adjusted operating result was up 36% to €873 million, corresponding to an adjusted earnings before interest and tax (EBIT) margin of 8.9%. Third-quarter consolidated sales were €9.8 billion, down 4%. The global production of passenger cars and light commercial vehicles w…