March 15, 2011 / 4:31 PM / 7 years ago

UPDATE 1-Uni-Select earnings jump 50 pct in quarter

* Q4 2010 EPS C$0.55 vs C$0.37 Q4 2009

* Revenue down 3.7 pct at C$309.4 million

VANCOUVER, March 15 (Reuters) - Auto parts distributor Uni-Select Inc (UNS.TO) reported a 50 percent increase in earnings on Tuesday helped by a strong performance at its U.S. operations and despite the closure of some of its stores.

Montreal-based Uni-Select said net earnings rose to C$10.8 million ($11 million), or 55 Canadian cents a share, from C$7.2 million, or 37 Canadian cents, a year earlier.

Adjusted earnings per share from continuing operations, excluding foreign exchange movements, were 63 Canadian cents, compared with 71 Canadian cents a year earlier.

Revenue at Uni-Select, which operates in Canada and the United States, fell 3.7 percent to C$309.4 million because of the conversion of its U.S. results into Canadian dollars and the sale of some corporate stores.

Shares of the company, which also distributes automotive equipment and tools, fell 2 Canadian cents to C$28.24 on a generally weaker Toronto Stock Exchange on Tuesday afternoon.

$1=$0.98 Canadian Reporting by Nicole Mordant; editing by Rob Wilson

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