03:40 PM EST - COGECO Inc. : said its first-quarter net income surged to $22.74 million or $1.35 per share from $10.86 million or $0.65 per share in the prior-year period. Adjusted net income for the quarter rose to $13.12 million or $0.78 per share from $10.86 million or $0.65 per share in the year-ago period. Revenue for the quarter increased to $328 million from $308.37 million in the comparable period. The company said it now expects fiscal 2010 revenue of $1.325 billion compared with its prior guidance of $1.285 billion. COGECO Inc.
shares T.CGO are trading up $1.37 at $29.62.
