Noble International up 83% on strong earnings
Shares of Noble International Ltd. (Nasdaq:NOBL) are up 83% after the company announced after-hours Wednesday that its second quarter net earnings and revenue were up significantly over the prior year period. For the quarter ended June 30, the Troy, Mich.-based automotive parts supplier posted earnings of $9 million, or $0.35 per share, on revenue of $314.9 million. This compared with earnings of $1.8 million, or $0.13 per share, on revenue of $182.7 million in the prior year quarter. Analysts were expecting a loss of $0.5 per share.
At 10:48 a.m. ET, shares were at $5.84, up $2.65 from Wednesday’s close, after having reached as high as $6.34 in the day. Shares have traded between $2.96 and $22.74 in the past year.
For detailed price information and recent news stories about Noble, click NOBL.
About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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