* Q3 adj EPS $0.03 vs est $0.18
* Rev up 8 pct
* Expects 2011 capex $13-$15 mln
Jan 28 Columbus McKinnon Corp (CMCO.O), a maker
of crane hooks and actuators, posted a lower-than-expected
adjusted quarterly profit, hurt partly by foreign exchange
The company said it expects 2011 capital spending to be
about $13-$15 million on enterprise resource planning
investments. October-December loss was $39.6 million, or $2.08
a share, compared with a loss of $2.3 million, or 12 cents a
share, a year ago.
Excluding items, the company earned 3 cents a share.
Revenue rose 8 percent to $128.7 million, helped by sales
in the American and European markets. Analysts expected
earnings of 18 cents a share on revenue of $128.5 million,
according to Thomson Reuters I/B/E/S.
Shares of the Amherst, New York-based company closed at
$19.72 on Thursday on Nasdaq. The stock has gained 12 percent
since the company posted second-quarter results on Oct. 29.
(Reporting by Soham Chatterjee in Bangalore; Editing by Maju