LoJack 1Q profit tumbles on double-digit drop in sales

But the low end of the company's 2008 guidance range is expected to match current Wall Street estimates. Shares rose 53 cents, or 5.5 percent, to $10.14 in afternoon trading, after peaking at $10.31 earlier in the session.

Over the past 52 weeks, the company's shares have traded between $9.11 and $24.24.

For the quarter ended March 31, LoJack earned $1 million, or 5 cents per share, down from $6.1 million, or 32 cents per share, for the same quarter in 2007.

Revenue dropped 15 percent to $46.1 million from $54.1 million in the year-ago period.

Analysts polled by Thomson Financial expected a profit of 4 cents per share on $47.7 million in revenue.

Domestic revenue fell 19 percent to $31 million, as unit volume dropped 19 percent.

LoJack said unit volume declines were particularly bad at its western region because of its heavy exposure to the struggling southern California automotive market.

International revenue fell 8 percent to $10.3 million on a 10 percent decline in unit volume, reflecting the varying rate of orders from its international licensees, LoJack said.

(This version CORRECTS Corrects peak trading price of the day)