(Adds earnings before one-time items, revenue, market
expectations)
June 2 (Reuters) - Saputo Inc SAP.TO , one of Canada's
largest dairy producers, reported lower quarterly earnings on
Thursday, citing weaker pricing around the world for dairy
ingredients.
In the fourth quarter ended on March 31, net income dropped
to C$141.2 million, or 36 Canadian cents a share, from C$157.4
million, or 39 Canadian cents a share, a year earlier.
Excluding one-time items, earnings were 41 Canadian cents a
share, just above the analysts' average estimate of 40 Canadian
cents, according to Thomson Reuters I/B/E/S.
Revenue climbed 9 percent to C$2.7 billion, in line with
expectations.
Saputo's shares were up 0.7 percent at C$39.43 around midday
in Toronto.
(By Rod Nickel in Winnipeg, Manitoba; Editing by Lisa Von Ahn)