BUZZ-EXFO Inc: Expects to "significantly" increase profitability

Wed Jan 7, 2015 5:49pm EST
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** Canadian communication testing equipment maker's U.S.-listed shares up 18 pct at $3.90 after market

** First-quarter sales rise 1.3 percent to $56.72 million

** Reports first-quarter net earnings of 2 cents per share versus a loss of 1 cent per share a year earlier, mainly driven by foreign exchange gain, after-tax amortization of intangible assets

** Chief Executive Germain Lamonde says he remains confident that EXFO will "significantly" increase its profitability in fiscal 2015

** The stock had declined nearly 28 pct in 2014