Monday, July 9, 2007

REFILE-UPDATE 1-Richelieu profit edges higher, stock slips

(Reuters) - The specialty hardware distributor, which also makes
furniture, kitchen cabinets and doors, said it earned C$8.65
million , or 37 Canadian cents a share, in the
period ended May 31. That is up slightly from earnings of
C$8.63 million, or 37 Canadian cents a share, in the year-prior
quarter.




Analysts had expected earnings per share of 41 Canadian
cents before exceptions, according to Reuters Estimates.
Richelieu stock slipped 32 Canadian cents, or 1.3 percent, to
C$24.63 by early afternoon on the Toronto Stock Exchange.


Read more at Reuters.com Market News

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