June 28, 2011 / 10:35 PM / 6 years ago

UPDATE 1-Exfo reports Q3 below Street, shares down

* Q3 EPS $0.03 vs est $0.08

* Q3 Rev $67.6 million vs $55.9 million last year

* Sees Q4 EPS between $0.01-$0.05

* Sees Q4 Sales between $62.0-$67.0 million (Follows alerts)

June 28 (Reuters) - Exfo Inc posted third-quarter results below market expectations, sending its U.S.-listed shares down as much as 16 percent in extended trade.

The Canadian telecom service provider also forecast sales between $62-$67 million and said earnings between $0.01-$0.05 per share for the fourth quarter of fiscal 2011.

Exfo reported net income of $1.7 million, or 3 cents per share, compared with net loss of $0.6 million, or 1 cent per share, a year ago.

For the quarter ended May 31, sales rose 21 percent to $67.6 million.

Analysts on average had expected the company to report 8 cents, on revenue of $69.1 million, according to Thomson Reuters I/B/E/S.

Shares of the company were down at $7.51 in extended trade. They closed at $8.95 on the Tuesday on Nasdaq. (Reporting by Amruta Sabnis in Bangalore; Editing by Prem Udayabhanu)

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