October 28, 2011 / 8:35 PM / 7 years ago

UPDATE 1-MDA Q3 profit rises on strong bookings

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Oct 28 (Reuters) - Canadian satellite and data distribution company Macdonald Dettwiler and Associates (MDA) posted higher quarterly profit, helped by robust bookings in its U.S. operations and medical robotics business.

July-September operating earnings from continuing operations rose to C$30 million, or 73 Canadian cents per share, from C$23 million, or 55 Canadian cents per share, a year ago.

Revenue at the company, famous for creating the robotic arm used on NASA space shuttles, rose to C$182 million, from C$167 million in the same period last year.

Analysts, on average, were expecting earnings per share of 62 Canadian cents, on revenue of C$183 million, according to Thomson Reuters I/B/E/S.

The company’s funded order backlog rose to C$856 million at September-end, from C$833 million at June-end.

Shares of the company closed at C$43.43 on Friday on the Toronto Stock Exchange. (Reporting by Arnav Das Sharma in Bangalore; Editing by Viraj Nair)

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