August 2, 2017 / 8:29 PM / in 4 months

Canada's Linamar reports higher quarterly sales

MONTREAL (Reuters) - Canadian auto parts maker Linamar Corp LNR.TO on Wednesday reported higher quarterly sales, helped by a strong performance in its industrial sector.

The company reported sales of C$1.77 billion during the second quarter, up 6.6 percent from the same period in 2016.

Analysts on average had expected sales of C$1.73 billion for the quarter ended June 30, according to Thomson Reuters I/B/E/S.

Linamar also beat on earnings, reporting C$2.45 per share diluted, compared with expectations of earnings of C$2.41 per share, according to Thomson Reuters I/B/E/S.

Linamar has previously said it expects top-line growth in the mid-to-high single digits in 2017.

Reporting By Allison Lampert; Editing by Jonathan Oatis and Chris Reese

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