UPDATE 1-Harbin Electric swings to Q3 net loss

* Q3 loss/shr $0.07 vs EPS $0.34 a year ago * Rev up 18 pct

Nov 10 (Reuters) - Harbin Electric Inc (HRBN.O), a maker of electric motors, swung to a quarterly net loss, partly hurt by a $9 million loss due to the termination of cross currency interest rate swap.

Harbin sees some higher order volumes in its specialty micro-motor business going into the fourth quarter with existing products, and its Shanghai facility will begin the production of new products soon, Chief Executive Tianfu Yang said in a statement.

While oil pump sales should be seasonally softer, he expects the rotary motors order book to remain robust and to exceed current capacity.

For the third quarter, the company reported a loss of $1.9 million, or 7 cents a share, compared with a profit of $7.8 million, or 34 cents a share, a year ago.

Excluding items, the company earned 40 cents a share.

Revenue rose 18 percent to $46.9 million.

Analysts on average were expecting earnings of 21 cents a share, before special items, on revenue of $43.8 million according to Thomson Reuters I/B/E/S.

The company said it also incurred a loss of $7.28 million related to the repurchase of 2010 and 2012 notes and a gain of $4.16 million on debt repurchase in the quarter.

Shares of the company closed at $19.48 Monday on Nasdaq. (Reporting by Divya Sharma in Bangalore; Editing by Jarshad Kakkrakandy)