UPDATE 1-Federal Signal forecasts surprise Q1 profit; shares up

* Sees Q1 EPS $0.01-$0.03 from cont ops
* Analysts see $0.07/shr loss
* Shares up 8 pct

April 13 (Reuters) - Diversified manufacturer Federal
Signal Corp forecast a surprise first-quarter profit
as it sees lower costs from a litigation, sending its shares
up 8 percent.
The company now expects earnings of 1 cent to 3 cents a
share from continuing operations.
Analysts expect the company to post a loss of 7 cents a
share, excluding items, according to Reuters Estimates.
Shares of the company were trading up 8 percent at $6.55
after the bell. They closed at $6.06 Monday on the New York
Stock Exchange.
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(Reporting by Mansi Dutta in Bangalore; Editing by Anil
D'Silva)
((mansi.dutta@thomsonreuters.com; within U.S. +1 646 223
8780;
outside U.S. +91 80 4135 5800; Reuters Messaging:
mansi.dutta.thomsonreuters.com@reuters.net))

Keywords: FEDERALSIGNAL/

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