Feb 25 (Reuters) - Canada’s Wajax Corp , a distributor of mobile equipment, posted a higher fourth-quarter profit but missed estimates hurt by higher expenses.
For the October-December quarter, the company earned C$15 million, or 89 Canadian cents a unit, up from C$8.3 million, or 50 Canadian cents a unit, a year ago.
Revenue for Toronto-based Wajax, which also distributes industrial component and power systems, jumped 22 percent to C$316.6 million.
Analysts, on average, had forecast earnings of 95 Canadian cents a share on revenue of C$283.9 million, according to Thomson Reuters I/B/E/S.
Selling and administrative expenses rose 21 percent to C$49.5 million.
Toronto-based Wajax shares were trading down 27 Canadian cents at C$37.53 on Thursday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Joyjeet Das)