March 8, 2011 / 12:32 PM / 7 years ago

UPDATE 1-Rocky Mountain Q4 beats view on new equipment sales

* Q4 EPS C$0.34 vs C$0.30

* Q4 rev up 33 pct to C$196.3 mln

March 8 (Reuters) - Canada’s Rocky Mountain Dealerships Inc , a construction and agriculture equipment broker, posted quarterly earnings that beat estimates, buoyed by a surge in new equipment sales.

For October-December, net income was C$6.7 million ($6.9 million), or 34 Canadian cents per share, compared with C$5.7 million, or 35 Canadian cents per share, a year ago.

Fourth-quarter revenue rose 33 percent to C$196.3 million. New equipment sales rose 30 percent to C$121.3 million.

Analysts on average had expected the company to earn 30 Canadian cents per share on revenue of C$181.9 million, according to Thomson Reuters I/B/E/S.

Shares of the Calgary, Alberta-based company closed at C$10.74 on Monday on the Toronto Stock Exchange. ($1 = 0.972 Canadian Dollars) (Reporting by Abhiram Nandakumar; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below