UPDATE 2-Columbus McKinnon Q4 results beat Street view

(Adds analysts' comments, conference call details, share movement)

By Bhaswati Mukhopadhyay

BANGALORE, May 22 (Reuters) - Cranemaker Columbus McKinnon Corp (CMCO.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected fourth-quarter results, helped by robust sales in Eastern Europe and Latin America.

However, the Univeyor business, which the company expects to sell this summer, was a drag on its latest-quarter earnings. Univeyor manufactures and installs integrated material handling conveyor systems and is headquartered in Denmark.

For the fourth quarter, net income fell to $8.4 million, or 44 cents a share, from $11.1 million, or 58 cents a share, in the year-ago period.

"All of the disappointment from the EPS number was due to the Univeyor division," said Theodor Kundtz of Needham & Co.

The company said it recorded losses and an impairment charge totaling 40 cents a share related to its Univeyor business during the quarter. Tax benefits boosted earnings by 10 cents a share. On a pro-forma basis, the company earned 74 cents a share.

Analysts on average expected earnings of 64 cents a share, before special items, according to Reuters Estimates.

The company's shares had risen as much as 9 percent earlier but pared gains to trade up 3 percent at $28.23 in afternoon on Nasdaq.