October 12, 2010 / 8:47 PM / 7 years ago

UPDATE 1-Canada's EXFO Q4 profit boosted by telecom unit

* Q4 EPS $0.08 vs loss/shr $0.02

* Q4 rev up 78 pct

* Sees Q1 EPS $0.17-0.21, rev $61-$66 mln

Oct 12 (Reuters) - Exfo Inc (EXF.TO) (EXFO.O) posted a quarterly profit helped by its telecom unit, and said it expects to post higher quarterly results in the first quarter.

For the September-November quarter, Exfo expects a profit of 17-21 cents a share on sales of $61-$66 million. It reported a profit of $334,000, or 1 cent a share, in 2009 first quarter.

Exfo’s telecom unit, which contributes almost 90 percent of its revenue, serves both wireless and wireline network operators and supports technologies such as 3G, 4G and Long Term Evolution.

For the June-August quarter, the company earned $5 million, or 8 cents a share, compared with a loss of $1.2 million, or 2 cents a share, a year ago.

Sales at the company, which recently sold its life sciences and industrial division to a private-equity firm, nearly doubled to $65.2 million.

Revenue at its telecom division rose nearly two fold to $58.6 million.

In March, the company bought NetHawk, one of the top providers of 2G, 3G and 4G/LTE protocol analyzers and simulators for wireless network equipment manufacturers and network operators. [ID:nSGE62B0FA]

Shares of the Quebec-based company, which went public in 2000, closed at C$5.85 Tuesday on the Toronto Stock Exchange. They have risen 8 percent since June 29 when it posted a quarterly profit.

Shares were up 11 percent in extended trade at $6.47 on the Nasdaq. (Reporting by Aftab Ahmed and Isheeta Sanghi in Bangalore; Editing by Don Sebastian) (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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