WESTWOOD, Mass. - LoJack Corp., which makes vehicle-tracking devices, on Wednesday affirmed its 2008 guidance, but warned that its results may come in at the low end of its estimated range.
| LOJN | 3.81 |
LoJack said it still expects to post 2008 profit of $13 million to $15 million, or 75 cents to 85 cents per share, on $213 million to $218 million in revenue.
Analysts polled by Thomson Financial expect a profit of 75 cents per share on $214 million in revenue.
LoJack added that as a result of ongoing economic woes that have resulted in a drop in U.S. automotive sales this year, its results may come in at the low end of those projections.
LoJack shares rose 58 cents, or 6 percent, to $10.19 in afternoon trading, after peaking at $10.31 earlier in the session

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