June 10, 2010 / 11:09 AM / 8 years ago

UPDATE 1-North American Energy Q4 results trail estimates

* Q1 EPS C$0.00 vs est C$0.03

* Rev C$220.6 mln vs est C$226.9 mln

June 10 (Reuters) - North American Energy Partners Inc’s (NOA.TO) (NOA.N) quarterly results trailed estimates, hurt by lower volumes in its piling segment and higher general and administrative expenses.

Net loss was C$943,000, or 3 Canadian cents a share, compared with a net loss of C$137.1 million, or C$3.80 a share, last year.

Excluding non-cash items, the company broke even, while analysts expected the company to earn 3 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Revenue rose 26.3 percent to C$220.6 million, but fell short of analysts estimates of C$226.9 million.

General and administrative expenses rose by C$2.4 million reflecting a change in estimate of the short-term employee incentive plan liability and an increase in stock-based compensation expense.

Piling revenue fell to C$18.3 million, from C$22.4 million last year.

Shares of the company closed at C$9.22 Wednesday on the Toronto Stock Exchange. Its New York-listed shares closed at $8.90. (Reporting by Aftab Ahmed in Bangalore; Editing by Jarshad Kakkrakandy) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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