Noble International misses Q4 EPS estimates, lowers 2008 guidance
Noble International, Ltd. (Nasdaq:NOBL) late Thursday night reported a wider-than-expected fourth-quarter loss and lowered its 2008 expectations citing lighter vehicle production, higher-than-anticipated costs associated with the firm’s Arcelor Business acquisition and increased pricing pressure in Europe. Shares skidded 8.7%, or $0.64, to $6.72 in pre-market trading.
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