UPDATE 1-Raven Industries profit beats market estimates
* Q4 EPS $0.60 vs est $0.48
* Q4 rev up 36 pct
* Shares rise 6 pct
March 13 (Reuters) - Raven Industries Inc's quarterly profit beat estimates, driven by strong sales at its engineered films business, which makes rugged reinforced plastic sheets.
The company's fourth-quarter earnings rose to $11 million, or 60 cents a share, from $7.4 million, or 41 cents a share, a year ago.
Revenue at the company, which competes with Spartech Corp , rose 36 percent to $96.3 million.
Analysts on average had expected earnings of 48 cents a share on revenue of $78.4 million, according to Thomson Reuters I/B/E/S.
Sales at the engineered films business, which accounts for more than a third of Raven's total revenue, grew 48 percent.
Shares of the Sioux Falls, South Dakota-based company were up about 6 percent at $64.99 in morning trade on the Nasdaq.
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