* Q4 EPS C$0.13 vs est C$0.20
* Q4 revenue C$137.3 mln vs est C$147.3 mln
* Sees 2012 capex of C$70 mln (Follows alerts)
June 7 (Reuters) - Major Drilling’s quarterly results missed market expectations as harsh winter conditions in Canada, and floods in the United States and Australia squeezed revenue at the drilling services company.
For February-April, the company earned C$9.4 million, or 13 Canadian cents a share, up from C$3.2 million, or 5 Canadian cents a share, a year ago.
Analysts on average expected earnings of 20 Canadian cents, according to Thomson Reuters I/B/E/S.
Revenue rose 41 percent to C$137.3 million, but was below analysts’ estimates of C$147.3 million.
“In addition to the weather, the strong pickup in activity in the industry has brought transitional issues, which affected our margins during the quarter,” Chief Executive Francis McGuire said in a statement.
Major Drilling, which provides contract drilling services to metals and mining companies, plans to spend about C$70 million in capital expenditure next year.
Shares of the Moncton, New Brunswick-based company closed at C$13.75 on Tuesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Sriraj Kalluvila)