* Q3 EPS C$0.32 vs est C$0.34
* Q3 rev C$556.3 mln vs est C$560.2 mln
* CEO to assume CFO’s role in the interim
Nov 11 (Reuters) - Linamar Corp (LNR.TO) posted a quarterly profit that trailed estimates, partly hurt by a decline in demand in the agricultural equipment markets, and said its chief financial officer has resigned.
For the July-September quarter, the Canadian maker of auto parts and other precision machined components posted a net income of C$21 million, or 32 Canadian cents a share, compared with a loss of C$500,000, or 1 cent a share, last year.
Analysts on an average were expecting the company to earn 34 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Sales rose 32 percent to C$556.3 million, while analysts were expecting C$560.2 million.
The company said its Chief Financial Officer Edward Mahood has resigned and the Chief Executive Linda Hasenfratz will serve as CFO till a replacement is identified.
The company’s shares, which have gained about 61 percent year-to-date, closed at C$22.39 on Thursday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Roshni Menon) (email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))