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UPDATE 1-Comfort Systems Q1 lags estimates
May 4, 2010 / 9:44 PM / 7 years ago

UPDATE 1-Comfort Systems Q1 lags estimates

* Q1 EPS from cont ops $0.03 vs est $0.13

* Rev down 16 pct

May 4 (Reuters) - Comfort Systems USA Inc (FIX.N), a provider of heating, ventilation and air conditioning services, posted lower-than-expected quarterly results, hurt by the ongoing weakness in its non-residential building markets.

For the first quarter, net income was $1.9 million, or 5 cents a share, compared with $6.9 million, or 18 cents a share, a year ago.

The company earned 3 cents a share from continuing operations.

Revenue fell 16 percent to $236.5 million.

Analysts on average were expecting earnings of 13 cents a share, before special items, on revenue of $237.3 million according to Thomson Reuters I/B/E/S.

Shares of the company closed at $14.20 Tuedsay on the New York Stock Exchange. (Reporting by Divya Sharma in Bangalore; Editing by Jarshad Kakkrakandy)

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