January 27, 2010 / 2:21 PM / 8 years ago

UPDATE 1-20-20 profit narrowly misses estimates

* Q4 EPS $0.04 vs est $0.05

* Rev down 17 pct

* Sees challenging 2010

Jan 27 (Reuters) - 20-20 Technologies Inc TWT.TO, a provider of 3D design for the interior design industry, posted fourth-quarter profits that missed analysts' estimates by a penny, and said it sees a challenging 2010.

Net income for the quarter was $700,000, or 4 cents per share, compared with a loss of $1.3 million, or 7 cents a share, last year.

Revenue for the quarter fell 17 percent to $16.2 million, as revenue from North America and Europe dropped. The company also recorded a 33 percent fall in license sales.

Analysts were expecting the company to post a profit of 5 cents a share on revenue of $16.61 million, according to Thomson Reuters I/B/E/S.

Shares of the Laval, Quebec-based company closed at C$2.80 Tuesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Anil D'Silva)

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