UPDATE 1-West Pharma Q3 lags estimates, to cut 100 jobs
* Q3 EPS 50 cents, rev $258.9 mln
* To cut 100 jobs to improve operating efficiencies
* Cuts '09 profit view
Nov 3 (Reuters) - Pharmaceutical packaging components maker West Pharmaceutical Services Inc (WST.N) posted a lower-than-expected quarterly profit on weak demand in its injection molding unit, and said it would cut about 100 jobs to improve operating efficiencies.
The company also cut its 2009 earnings view.
Third-quarter net income was $17.2 million, or 50 cents a share, compared with $13.3 million, or 40 cents a share in the year-ago period. [ID:nWNAB8905]
Excluding special items, the company earned 45 cents a share.
Net sales for the quarter rose 1 percent to $258.9 million.
Analysts were expecting earnings of 53 cents a share, on revenue of $257.3 million, according to Thomson Reuters I/B/E/S.
For 2009, the company now expects adjusted earnings of $2.08 to $2.13 a share, down from its prior view of $2.10 to $2.20 share.
Shares of the company closed at $39.85 Monday on the New York Stock Exchange. (Reporting by Esha Dey in Bangalore; Editing by Jarshad Kakkrakandy)
