May 10, 2010 / 11:36 AM / 7 years ago

UPDATE 1-Worldcolor narrows quarterly loss

* Net loss $29 million vs $126 million

* Revenue down 8 percent at $692 million

(In U.S. dollars. Adds details)

TORONTO, May 10 (Reuters) - Worldcolor WC.TO, formerly known as Quebecor World, reported a smaller first-quarter loss on Monday helped by a massive restructuring plan and other cost-containment initiatives.

The Montreal-based company, which is being acquired by U.S. printing rival Quad/Graphics, reported a loss of $29 million compared with a loss of $126 million for the same time a year earlier. The company did not provide per share numbers.

Revenue fell 8 percent to $692 million.

The company said the takeover, which was announced during the quarter, is expected to be completed in the early summer pending the usual regulatory requirements. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Derek Caney)

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