* Q4 EPS $0.05 vs est $0.02
* Q4 revenue rises 2 pct
* Sees 2010 rev at $177 mln vs est $204.2 mln
Feb 18 Ultralife Corp (ULBI.O), which sells
batteries and other power-related products, posted a higher
quarterly profit that beat analysts' estimates, helped in part
by cost controls, but forecast a lower-than-expected revenue
Ultralife said the timing of orders and shipments may cause
some variability in quarterly results for 2010.
For 2010, the company forecast revenue of $177 million,
which was below analysts' average estimate of $204.2 million,
according to Thomson Reuters I/B/E/S.
For the latest fourth quarter, the company earned $840,000,
or 5 cents per share, compared with $177,000, or 1 cent a
share, a year ago.
Sales rose 2 percent to $50.4 million.
Analysts on average had expecting earnings of 2 cents per
share, before special items, on revenue of $52.8 million.
The company said it cut its operating expenses for the
quarter by about 3 percent to $10.3 million.
Shares of the company rose 4 percent before the bell
Thursday. They closed at $4.17 Wednesday on the Nasdaq.
(Reporting by Fareha Khan in Bangalore; Editing by Gopakumar