UPDATE 2-Federal Signal posts surprise Q1 loss, shares fall


* Q1 loss from cont ops $0.06/shr vs est EPS $0.09 * Q1 revenue drops 10 pct * Sees growth in orders through 2010 * Shares down as much as 13 percent (Adds details, updates share movement) April 30 (Reuters) - Diversified manufacturer Federal Signal Corp posted a surprise first-quarter loss, hurt by lower sales volumes and shipments, sending its shares down as much as 13 percent. Sales volumes were affected by lower order backlog, and shipments were hit by a strike by port workers ...

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