February 17, 2010 / 7:34 PM / in 8 years

UPDATE 1-Leon's Furniture Q4 EPS tops estimates

* Q4 EPS C$0.33 vs est C$0.29

* Sales down 4 pct

Feb 17 (Reuters) - Canadian retailer Leon’s Furniture Ltd (LNF.TO) posted a fourth-quarter profit above market estimates, helped by lower expenses.

Leon’s, a home furnishings retailer, reported a net income of C$24.0 million, or 33 Canadian cents a share, compared with a profit of C$23.2 million, or 32 Canadian cents a share, a year ago.

Sales dropped 4 percent to C$198 million. Total Leon’s sales, including franchise sales, fell to C$255.7 million.

Same store corporate sales for the quarter fell 4.5 percent, the company said.

Analysts on average were expecting earnings of 29 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Shares of the Toronto-based company were down 16 Canadian cents, or 1 percent, at C$11.79 Wednesday afternoon on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Ratul Ray Chaudhuri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below