September 14, 2010 / 9:44 PM / in 8 years

UPDATE 1-20-20 Technologies Q3 rev misses estimates

* Q3 EPS $0.04, in line with estimates

* Q3 rev down 8 pct

* Sees forex fluctuations affect results in euro zone

Sept 14 (Reuters) - Canada’s 20-20 Technologies Inc TWT.TO, a software maker for the interior design industry, posted quarterly earnings that met estimates, but revenue fell, hurt by weak performance in home and office segments.

The company, which has operations across eleven countries, said it expects currency exchange rate fluctuations to continue to affect results in the euro zone.

For the third quarter, the company earned $840,000, or 4 cents a share, down from $1 million or 6 cents a share, a year ago.

Revenue fell 8 percent to $14.8 million, as its office sector revenue declined 18 percent, the company said in a statement.

Home sector revenue, which contributed about 57 percent of its total revenues, declined 7 percent during the quarter, it said.

Analysts on average expected earnings of 4 cents, on revenue of $16.3 million, according to Thomson Reuters I/B/E/S.

Shares of the Laval, Quebec-based firm, which have shed about 5 percent of their value since it posted a sharp drop in second-quarter profit in June, closed at C$3.22 Tuesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Vyas Mohan)

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