March 4, 2009 / 10:56 PM / 9 years ago

UPDATE 1-Tundra Q3 profit tops analysts' view

* Q3 adj shr C$0.00 vs est loss C$0.02/shr

* Revenue falls 1 pct to C$14.6 mln

* Sees Q4 adj loss C$0.04/shr to profit C$0.01/shr

* Sees Q4 revenue C$13.0 mln - C$15.5 mln

* Expects to add to cash balance during Q4

March 4 (Reuters) - Tundra Semiconductor Corp TUN.TO posted better-than-expected quarterly profit, helped by higher revenue from its products business, but forecast fourth-quarter results below market estimates.

The small technology firm posted a third-quarter loss of C$1.1 million, or 6 Canadian cents a share, compared with C$54.0 million or C$2.73 per share, a year earlier.

Excluding charges, the company broke even.

Analysts on average expected the company to post a loss of 2 Canadian cents a share, excluding items, on revenue of C$15.1 million, according to Reuters Estimates.

Product revenue rose 10 percent to C$14.1 million.

“Our cash position at the close of the quarter was more than C$63 million and we remain debt free,” CEO Daniel Hoste said in a statement.

Analysts were looking for fourth-quarter earnings of 2 Canadian cents a share, before special items, on revenue of C$16.1 million.

Shares of the Ottawa-based company closed at C$2.98 Wednesday on the Toronto Stock Exchange. (Reporting by Archana Shankar in Bangalore; Editing by Anne Pallivathuckal)

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