February 2, 2011 / 10:18 PM / in 7 years

CORRECTED - CORRECTED-UPDATE 1-Exco Q1 income rises on auto production rebou

(Corrects to remove the word ‘US’ from headline)

* Q1 EPS C$0.08 vs C$0.05 year ago

* Revenue up 21 pct at C$45.6 mln

Feb 2 (Reuters) - Canadian auto parts maker Exco Technologies Ltd’s (XTC.TO) quarterly earnings rose 63 percent, driven by increased automotive production in North America.

First-quarter income was C$3.1 million, or 8 Canadian cents a share, compared with C$1.9 million, or 5 Canadian cents a share, a year ago.

Revenue rose 21 percent to C$45.6 million.

Analysts on average expected earnings of 7 Canadian cents on revenue of C$46.5 million, according to Thomson Reuters I/B/E/S.

Exco shares, which have gained 19 percent since it reported higher quarterly earnings in November, closed at C$4 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Don Sebastian) ((gowri.jayakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: gowri.jayakumar.thomsonreuters.com@reuters.net)

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