June 29, 2010 / 8:55 PM / 7 years ago

UPDATE 1-EXFO posts Q3 net profit

* Q3 earnings of $169,000 vs loss of $23.3 mln last year

* Q3 rev up 45 percent

June 29 (Reuters) - Canada’s EXFO Inc EXF.TO (EXFO.O), which provides services for the telecommunications industry, posted a quarterly net profit as sales rose across its segments.

The company also forecast fourth-quarter results to range between a loss of 1 cent to earnings of 3 cents a share, on revenue of $61 million to $66 million.

For the third quarter ended May 31, the company reported net earnings of $169,000, or break-even on a per share basis, compared with a loss of $23.3 million, or 39 cents a share, last year.

Sales rose 45 percent to $63.2 million.

The company’s telecom division sales rose 43 percent to 55.9 million, while sales in the life sciences and industrial division rose 59 percent.

Shares of the company closed at C$5.50 Tuesday on the Toronto Stock Exchange. Its Nasdaq listed shares closed at $5.30. (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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