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BRIEF-Dorel reports Q3 EPS of $0.49

Published 2016-11-03, 09:24 a/m
© Reuters.  BRIEF-Dorel reports Q3 EPS of $0.49
DIIb
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Nov 3 (Reuters) - Dorel Industries Inc DIIB.TO -

* Dorel reports solid third quarter results

* Dorel's outlook for balance of 2016 remains unchanged from Q2

* Says board of directors declared its regular quarterly dividend of us$0.30 per share

* Q3 earnings per share view $0.54, revenue view $680.9 million -- Thomson Reuters I/B/E/S

* FY 2016 earnings per share view $2.18, revenue view $2.65 billion -- Thomson Reuters I/B/E/S

* In Dorel sports, expecting a significant change in IBD retailers' purchasing patterns with Q4 orders moving to Q1 of 2017

* Expected that there will be a reduction in second half CSG shipments which should result in year-over-year growth in first half of 2017

* Q3 adjusted earnings per share $0.63

* Q3 earnings per share $0.49

* Q3 revenue $671.3 million Source text for Eikon: ID:nCCN4XScNs Further company coverage: DIIB.TO

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