June 16, 2011 / 9:09 PM / 7 years ago

UPDATE 1-Mosaid sees soft Q1 profit

* Q4 rev up 10 pct at C$21.9 mln

* Sees FY12 pro forma EPS of C$2-C$2.12

* Sees FY12 rev of C$85-C$90 mln (Follows alerts)

June 16 (Reuters) - Canadian patent licensing firm Mosaid Technologies’ fourth-quarter results topped market estimates, helped by strength in its wireless patents segment, but it forecast a softer first-quarter profit.

The Ontario-based company expects first-quarter pro forma earnings of 43-48 Canadian cents a share on revenue of C$17.5-19.8 million.

The company expects pro forma net income of C$2-2.12 per share in 2012, compared with C$2.89 a share, a year ago.

During February-April, Mosaid earned C$5.9 million, or 49 Canadian cents, compared with C$8 million, or 69 Canadian cents a share, a year ago.

On a pro forma basis, the company earned 60 Canadian cents a share in the fourth quarter, topping analysts’ estimates of 55 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Quarterly revenue rose 10 percent to C$21.9 million, above market estimates of C$20.8 million.

Separately, the company said the U.S. International Trade Commission had voted to begin an investigation of certain Cisco products based on complaints filed by Mosaid in May.

Reporting by Gowri Jayakumar in Bangalore; Editing by Anil D'Silva

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