November 5, 2010 / 12:56 PM / 7 years ago

UPDATE 1-Sun-Rype Q3 misses on lower sales, price pressures

* Q3 EPS C$0.09 vs est C$0.18

* Revenue down 4 pct at C$34.8 mln

Nov 5 (Reuters) - Fruit-based juice maker Sun-Rype Products SRF.TO posted a lower-than-expected profit, hurt by pricing pressures and declining sales volumes.

July-September earnings at the Kelowna, British Columbia-based snacks and beverage maker was C$1 million, or 9 Canadian cents a share, compared with C$400,000, or 3 Canadian cents a share, a year ago.

Analysts on average had expected the company, with a market value of about C$97 million, to earn 18 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Revenue fell about 4 percent to C$34.8 million, strained by pricing pressures on beverages and lower sales volumes of food products, the company said in a statement.

Sun-Rype shares, which have remained relatively flat since the company bought U.S.-based Yakama Juice on Oct. 5, closed at C$9 on Thursday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Unnikrishnan Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below