Noble Intl 4Q Loss More Than Doubles On Acquisition Cost

Mar.28, 2008 in Market Outlook

Last Update: 3/28/2008 12:02:07 AM

DOW JONES NEWSWIRES

Noble International Ltd.’s (NOBL) fourth-quarter loss widened to $4.97 million,
or 21 cents a share, from $2.22 million, or 16 cents a share, in the prior-year
period, due in part to acquisition-related costs of $2.3 million and a noncash
equity loss of $1.5 million.

The Warren, Mich., auto parts maker’s sales more than doubled to $317.4 million
from $138.2 million last year.

Analysts polled by Thomson Financial expected, on average, sales of $303 million.

Noble International lowered its 2008 full-year per-share earnings estimate to 45
cents to 55 cents on revenue of $1.15 billion to $1.2 billion, due to anticipated
lower North American volume in light vehicle production.

Noble International had forecast 2008 per-share earnings of $1.45 to $1.55 and
revenue of $1.2 billion.

Shares in Noble International edged 4 cents lower to $7.32 in after-hours
trading.

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