French telecoms operator Orange ORAN.PA fell 3.2% after saying its third-quarter profit was hit by a drop in co-financing returns. By Anisha Sircar Oct 26 (Reuters) - European stocks hit seven-week highs on Tuesday, as strong results from UBS, Reckitt Benckiser and others added to overall optimism about the third-quarter earnings season. Despite concerns about soaring commodity prices and supply-chain bottlenecks driving higher inflation, a series of strong earnings reports put the STOXX 600 on course to end October with gains while erasing all of September's losses.