UPDATE 1-Dalsa Q2 beats market on higher sales, R&D funding

* Q2 adj EPS C$0.30 vs est C$0.23

* Q2 rev C$52.3 mln vs est C$51.3 mln

July 28 (Reuters) - Canada's Dalsa Corp DSA.TO, a maker of high performance digital imaging and semiconductor solutions, reported quarterly earnings that beat analysts' estimates, helped by higher sales and research and development funding by the Ontario province.

For the second quarter ended June 30, the company posted net income from continuing operations of C$5.5 million, or 30 Canadian cents a share, compared with C$100,000, or C$0.0 per share, a year ago.

Revenue rose 30 percent to C$52.3 million, helped by the digital imaging business, which saw strong sales growth in all geographic regions.

Analysts on average had expected the company to earn 23 Canadian cents a share, excluding items, on revenue of C$51.3 million.

The company said its net income was positively impacted by C$1.1 million, or 6 Canadian cents a share, due to funding received from the Ontario province.

Shares of the Waterloo, Ontario-based company closed at C$11.25 Wednesday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Unnikrishnan Nair)