August 4, 2011 / 11:33 AM / in 6 years

UPDATE 1-Héroux-Devtek Q1 up on aerostructure, landing gear sales

(Follows alerts)

Aug 4 (Reuters) - Héroux-Devtek Inc , a Canadian aerospace and industrial equipment maker, posted a rise in first-quarter profit, driven by higher sales of its aerostructure products and landing gear.

April-June net income rose to C$5.8 million, or 19 Canadian cents a share, from C$3.3 million, or 11 Canadian cents a share, a year ago. Quarterly revenue increased 11 percent to C$91.9 million.

Analysts on average had forecast earnings of 13 Canadian cents a share on revenue of C$93.4 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at C$7.74 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore, Editing by Ian Geoghegan)

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