March 4, 2010 / 12:34 PM / in 8 years

UPDATE 1-Canada's CML Healthcare Q4 earnings beat market view

* Q4 adj EPS C$0.36 vs est C$0.33

* Revenue down 4 percent to C$128.0 mln

March 4 (Reuters) - Canada’s CML Healthcare Income Fund CLC_u.TO, which specializes in imaging and laboratory services, posted a fourth-quarter profit that beat estimates, helped partly by a drop in expenses.

The company reported a net loss of C$17.6 million, or 20 Canadian cents a fund unit, compared with net earnings of C$26.9 million, or 30 Canadian cents a fund unit, a year earlier.

Revenue fell 4 percent to C$128.0 million.

Excluding a goodwill impairment charge of C$50.0 million, the company earned 36 Canadian cents per fund unit, compared with analysts’ expectations of 33 Canadian cents a fund unit, according to Thomson Reuters I/B/E/S.

Operating, general and administration expenses fell 2 percent to C$93.8 million.

Units of the company closed at C$13.08 Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Anne Pallivathuckal)

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