August 5, 2010 / 2:01 PM / 7 years ago

UPDATE 1-Dorel profit rises but its outlook cautious

* EPS $1.05 vs $0.74 a year earlier

* Revenues up at $607.7 million (In U.S. dollars unless noted)

TORONTO, Aug 5 (Reuters) - Dorel Industries Inc (DIIb.TO) reported a higher quarterly profit on Thursday, helped by gains in its home furnishings segment.

The Canadian maker of bicycles and Safety 1st baby products said second quarter net income rose to $35.1 million, or $1.05 a share, for the period ended June 30, from $24.8 million, or 74 cents a share, a year earlier.

Revenues climbed 10.3 percent to $607.7 million.

Analysts, on average, had expected earnings of 97 cents a share on revenues of $609.53 million, according to Thomson Reuters I/B/E/S.

The company said it expected 2010 revenues to exceed those of 2009, but added that the pace of earnings would slow in the third quarter, in part because of rising commodity and freight costs as well as unfavorable foreign exchange trends.

It said fourth quarter results was expected to be stronger, helped by new products and more stable commodity costs. ($1=$1.01 Canadian) (Reporting by Solarina Ho; editing by Peter Galloway)

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