January 29, 2008 / 12:45 PM / 10 years ago

FirstService reports lower third-quarter profit

(In U.S. dollars)

TORONTO, Jan 29 (Reuters) - FirstService Corp FSV.TO reported a 30 percent drop in third-quarter profit on Tuesday and lowered its adjusted earnings per share outlook for 2008.

The property services company, whose brands include Colliers International and Pillar to Pillar Home Inspections, said it earned $5.4 million, or 15 cents a share, in the three months ended Dec. 31, down from a profit of $7.8 million, or 25 cents a share, in the same quarter a year earlier.

FirstService said its adjusted diluted earnings per share from continuing operations rose 32 percent to 29 cents from 22 cents a year earlier.

$1=$1 Canadian Reporting by Frank Pingue; Editing by Bernadette Baum

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