TORONTO- Harry Winston Diamond Corp. (TSX:HW) had a sparkling third quarter interms of sales, with overall revenue nearly doubling to US$140.9million, but the company's profit fell short of analyst expectations.
The Toronto-based company, which reports in U.S. currency, had $3.9 million in net income or five cents per share.
Thatwas an improvement from a small year-earlier loss but analysts had beenexpecting Harry Winston would earn about nine cents per share.
The company said it was stung by a $3-million foreign exchange loss, which reduced its net income by four cents per share.
Ayear earlier, the company had a $1.6-million a foreign exchange gainthat added two cents to the bottom line, bringing Harry Winston closeto break even.