* Q1 EPS $0.10 vs est $0.09
* Revenue $1.06 bln vs est $921.8 mln
June 3 Logistics company UTi Worldwide Inc
(UTIW.O) posted better-than-expected quarterly results, helped
by higher airfreight and ocean freight volumes.
The company, however, said it was adjusting pricing to
reflect higher transportation rates, which continued to be
volatile on many trade lanes.
"We are intent on achieving our targeted margins, which may
adversely impact volume growth in future months," Chief
Executive Eric Kirchner said.
For the first quarter ended April 30, net income was $10.1
million, or 10 cents a share, compared with $9.8 million, or 10
cents a share, a year ago.
Revenue rose 37 percent to $1.06 billion.
Analysts on average had expected earnings of 9 cents a
share, before special items, on revenue of $921.8 million,
according to Thomson Reuters I/B/E/S.
Shares of the company were trading up 3 percent at $14.70
Thursday on Nasdaq.
(Reporting by Divya Sharma in Bangalore; Editing by Don