May 6, 2010 / 11:40 AM / in 7 years

UPDATE 1-Yellow Pages Q1 profit misses estimates

* Q1 EPS C$0.24 vs est C$0.26

* Rev flat at C$408.1 mln

May 6 (Reuters) - Media and marketing company Yellow Pages Income Fund YLO_u.TO posted a quarterly profit that missed estimates, hurt by a 27 percent drop in cash flow from operations.

Net income for the first quarter was C$121.8 million, or 24 Canadian cents a unit, compared with C$132.1 million, or 26 Canadian cents a unit, in the year ago quarter.

Total sales for the quarter were almost flat at C$408.1 million.

Analysts on average were expecting earnings of 26 Canadian cents a share, before special items, on revenue of C$405.2 million, according to Thomson Reuters I/B/E/S.

Units of the Verdun, Quebec-based company closed at C$6.52 Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Ratul Ray Chaudhuri)

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