January 18, 2011 / 10:23 PM / 7 years ago

UPDATE 1-20-20 Technologies Q4 results beat market estimates

* Q4 EPS $0.04 vs est $0.03

* Revenue up 3 pct to $16.7 mln

Jan 18 (Reuters) - Canada's 20-20 Technologies Inc TWT.TO, a software maker for the interior design industry, posted quarterly results above market estimates, helped by strong revenue growth at its manufacturing business unit.

The company, which has operations across eleven countries, said net income for the August-October quarter remained flat at $700,000 or 4 cents a share.

Revenue rose to $16.7 million in the quarter from $16.2 million last year. Revenue from its manufacturing unit increased 9 percent to $4.4 million. Analysts on average had expected the company to earn 3 cents a share on revenue of $15.4 million, according to Thomson Reuters I/B/E/S.

Shares of the Laval, Quebec-based company closed at C$3.14 on Tuesday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Jarshad Kakkrakandy)

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