December 8, 2009 / 10:34 PM / in 8 years

UPDATE 1-Evertz Technologies Q2 profit halves

* Q2 EPS C$0.23 vs C$0.46 last year

* Revenue fell 20 pct to C$73 mln

* Declares C$0.08 a share quarterly dividend

Dec 8 (Reuters) - Canadian broadcast equipment company Evertz Technologies Ltd’s ET.TO quarterly profit halved, hurt by lower sales in North America and higher expenses.

Second-quarter net income was C$17.5 million, or 23 Canadian cents a share, compared with C$34.1 million, or 46 Canadian cents a share, in the prior-year period.

Revenue fell 20 percent to C$73.0 million ($68.80 million).

Analysts on average expected the company to post earnings of 29 Canadian cents a share on revenue of C$77.68 million, according to Thomson Reuters I/B/E/S.

Evertz shares, which have shed more than 8 percent of their value in the past three months, closed down 21 Canadian cents at C$13.99 on the Toronto Stock Exchange. ($1=1.061 Canadian Dollar) (Reporting by Krishna Chaithanya in Bangalore; Editing by Anil D‘Silva) ((krishna.chaithanya@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: krishna.chaithanya.reuters.com@reuters.net))

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