UPDATE 2-Modine Q1 results beat Street view, shares up

Newswire

(Recasts, adds details from conference call) July 29 (Reuters) - Modine Manufacturing Co , a maker of heating and cooling systems for vehicles, posted a surprise quarterly profit, helped by strong European, South American and commercial products segments, sending its shares up as much as 22 percent. But Modine sees a softening in the automotive market in Europe, which accounts for almost half of its net sales. It also expects the weakness in the North American heavy-duty truck market ...

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