RTI International Metals Inc., which makes titanium mill products and fabricated metal components, on Tuesday issued a 2008 earnings prediction, after reporting fourth-quarter earnings that fell, but still beat Wall Street's expectations.
Shares rose $4, or 7.4 percent, to $58.23 in midday trading. The stock has traded between $44.60 and $101.49 in the past year.
The company expects 2008 operating income, which excludes certain one-time items, to grow between 7 percent and 12 percent above 2007, implying operating income of $151.1 million to $158.1 million.
RTI predicts 2008 sales growth of 15 to 20 percent from 2007, or sales of $720.8 million to $752.2 million.
Analysts expect sales of $731.7 million, according to a poll by Thomson Financial.
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