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Dorel Profit Falls Sharply
May 17,
2011 by in UnCategorized 
By Aggregated Content in Case Goods on May 18, 2011
from http://c.moreover.com/click/here.pl?z4639931346&z=1250249030
Consumer goods maker Dorel Industries Inc. DII.B-T says its first-quarter profit fell 18 percent, missing analyst estimates for earnings.
Profit at the Montreal-based company, which reports in U.S. currency, dropped to $31.2-million (U.S.) from $38.2-million. Earnings per share fell by a similar amount to 94 cents from $1.15 per diluted share.
Analysts had been looking for $1 per share in earnings, according to figures compiled by Thomson Reuters. In terms of revenue, Dorel did better than expected reporting a 1.9-per-cent increase to $607.8-million from $596.3-million.
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