*EPS $0.84 vs $1.05
*Revenue falls 5.5 percent to $525.2 million (In U.S. dollars. Adds details)
TORONTO, May 7 (Reuters) - Dorel Industries Inc DIIb.TO posted a lower quarterly profit on Thursday, due partly to a weak performance from its juvenile furniture division.
The Montreal-based company, whose products include ready-to-assemble furniture, Safety 1st children’s products, and bicycles, said it earned $28 million, or 84 cents a share for the quarter ended March 31, down from $35.1 million, or $1.05 a share for the same time last year.
Revenue fell 5.5 percent to $525.2 million.
Analysts, on average, had expected earnings of 87 cents a share before items and revenue of $539.1 million, according to Reuters Estimates.
Sales in its juvenile furniture division fell 17.7 percent to $254 million, while sales in the recreation and leisure product division were up 14.9 percent at $161.4 million. Home furnishing revenue rose 2.8 percent to $109.8 million. ($1=$1.16 Canadian) (Reporting by Scott Anderson, editing by Gerald E. McCormick)