October 28, 2010 / 8:26 PM / 8 years ago

UPDATE 1-Dalsa Q3 results top estimates

* Q3 EPS C$0.26 vs est C$0.24

* Revenue C$55.3 mln vs est C$53.0 mln

* Digital imaging segment revenue up 79 pct to C$38.4 mln

* Raises qtrly dividend

Oct 28 (Reuters) - Canada’s Dalsa Corp DSA.TO, a maker of high performance digital imaging and semiconductor solutions, posted third-quarter results that beat market estimates, helped by strength at its digital imaging business.

For July-September, the company posted earnings of C$4.8 million, or 26 Canadian cents a share, compared with C$0.1 million, or breakeven a share, a year ago.

Revenue for the quarter rose 35 percent to C$55.3 million.

Analysts on average were expecting earnings of 24 Canadian cents a share on revenue of C$53.0 million, according to Thomson Reuters I/B/E/S.

Digital imaging business revenue rose 79 percent to C$38.4 million, said the company, which raised its quarterly dividend by 1 Canadian cent to 7 Canadian cents a share.

Earlier this month, Dalsa had said it would invest C$160 million in new research and development initiatives over the next five years to expand into medical, defense and other markets. [ID:nSGE69D0LM]

Waterloo, Ontario-based Dalsa’s shares, which have gained more than half their value in the past year, closed at C$11.30 Thursday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Anne Pallivathuckal)

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