January 28, 2010 / 10:19 PM / in 8 years

UPDATE 1-Dalsa Corp posts Q4 profit; sales decline

* Q4 EPS C$0.01 vs. loss/shr C$0.31 last year

* Revenue down 6.2 pct

Jan 28 (Reuters) - Canada’s Dalsa Corp DSA.TO, a digital imaging solutions company, recorded lower revenue but swung to a profit in the fourth quarter, due mainly to a loss from discontinued operations in the prior-year period.

For the fourth quarter, Dalsa reported net income of C$200,000, or 1 Canadian cent a share, compared with a net loss of C$5.8 million, or 31 Canadian cents a share, a year earlier.

On a continuing operations basis, the company posted a loss of 6 Canadian cents a share compared with a profit of 23 Canadian cents a share a year ago.

Revenue declined 6.2 percent to C$43.4 million, as one semiconductor customer decreased orders due to excess inventory, while others lowered orders due to a lack of demand.

Analysts on average were expecting earnings of 6 Canadian cents a share, before special items, on revenue of C$42.4 million, according to Thomson Reuters I/B/E/S.

However, the maker of image sensors, vision systems and electronic cameras said a steady rise in bookings for standard products in its Digital Imaging business were strong indicators of improved results starting in the first half of 2010.

Shares of the Waterloo, Ontario-based company closed at C$8.11 Thursday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Anthony Kurian)

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