* Q3 adj loss/shr $0.07 vs est $0.09 * Net sales fall 42 pct
Dec 2 (Reuters) - Truck components maker Cascade Corp posted narrower-than-expected quarterly loss as it generated higher sales volumes in North America, China and Asia Pacific compared with the prior quarter.
For the third quarter, net income fell to $157,000 or 1 cent a share, from $10.4 million or 94 cents a share, a year ago.
According to Thomson Reuters I/B/E/S, the company posted an adjusted loss of 7 cents a share, compared with analysts' average estimates of a loss of 9 cents a share before items.
Net sales fell 42 percent to $80.8 million from a year ago, but were up 5 percent compared with the second quarter.
Analysts were expecting revenue of $83.9 million.
Shares of the company closed at $23.52 Wednesday on the New York Stock Exchange.
(Reporting by Divya Sharma in Bangalore; Editing by Anil D'Silva) Keywords: CASCADE/ (divya.sharma@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: divya.sharma.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Dec 2 (Reuters) - Truck components maker Cascade Corp posted narrower-than-expected quarterly loss as it generated higher sales volumes in North America, China and Asia Pacific compared with the prior quarter.
For the third quarter, net income fell to $157,000 or 1 cent a share, from $10.4 million or 94 cents a share, a year ago.
According to Thomson Reuters I/B/E/S, the company posted an adjusted loss of 7 cents a share, compared with analysts' average estimates of a loss of 9 cents a share before items.
Net sales fell 42 percent to $80.8 million from a year ago, but were up 5 percent compared with the second quarter.
Analysts were expecting revenue of $83.9 million.
Shares of the company closed at $23.52 Wednesday on the New York Stock Exchange.
(Reporting by Divya Sharma in Bangalore; Editing by Anil D'Silva) Keywords: CASCADE/ (divya.sharma@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: divya.sharma.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.