By Aimee Look
Pluxee shares rose after revenue beat analysts' expectations amid broader scrutiny over the status of its listing.
The employee benefits company said third-quarter revenue fell 3.3% on an organic basis to 312 million euros ($356.8 million).
This, however, beat company-compiled analysts' estimates, which expected a 4.3% organic drop to 299 million euros.
Shares rose around 5% in early morning European trading.
Analysts at Bernstein said that there are questions around whether the company will stay listed, given its depressed valuation. However, a delisting seems unlikely, they added.
Pluxee has only been listed for two years, so it may be too early to consider such a move, they added.
Write to Aimee Look at aimee.look@wsj.com