* Q3 EPS C$0.07 vs C$0.01, year ago
* EPS C$0.12/shr ex-items
* Revenue up 34.5 percent at C$395.1 million
Nov 8 (Reuters) - Auto parts maker Martinrea International Inc posted a higher quarterly profit mainly due to improved production volumes in North American light vehicle platforms.
The company posted a profit of C$5.7 million ($5.69 million), or 7 Canadian cents a share, for the July-Sept quarter. That compares with earnings of C$717,000, or 1 Canadian cent a share, a year earlier.
Adjusted to exclude one-time items, the company said it earned 12 Canadian cents a share.
Revenue rose 34.5 percent to C$395.1 million.
Analysts on average had expected an adjusted profit of 13 Canadian cents a share, on revenue of C$390.3 million, according to Thomson Reuters I/B/E/S.
Shares of the Toronto-based Martinrea, which have gained about 5 percent year-to-date, closed at C$8.85 Monday on the Toronto Stock Exchange.
($1=1.001 Canadian Dollar)
(Reporting by Aftab Ahmed in Bangalore; Editing by Jarshad Kakkrakandy)
(aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))
Keywords: MARTINREA/
COPYRIGHT Copyright Thomson Reuters 2010. 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.
* EPS C$0.12/shr ex-items
* Revenue up 34.5 percent at C$395.1 million
Nov 8 (Reuters) - Auto parts maker Martinrea International Inc posted a higher quarterly profit mainly due to improved production volumes in North American light vehicle platforms.
The company posted a profit of C$5.7 million ($5.69 million), or 7 Canadian cents a share, for the July-Sept quarter. That compares with earnings of C$717,000, or 1 Canadian cent a share, a year earlier.
Adjusted to exclude one-time items, the company said it earned 12 Canadian cents a share.
Revenue rose 34.5 percent to C$395.1 million.
Analysts on average had expected an adjusted profit of 13 Canadian cents a share, on revenue of C$390.3 million, according to Thomson Reuters I/B/E/S.
Shares of the Toronto-based Martinrea, which have gained about 5 percent year-to-date, closed at C$8.85 Monday on the Toronto Stock Exchange.
($1=1.001 Canadian Dollar)
(Reporting by Aftab Ahmed in Bangalore; Editing by Jarshad Kakkrakandy)
(aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))
Keywords: MARTINREA/
COPYRIGHT Copyright Thomson Reuters 2010. 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.