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CAI Int'l Sees 2008 Profit Above Street
Tuesday March 4, 6:21 pm ET
CAI International Sees 2008 Profit Above Street; Revenue Forecast to Grow on Fleet Growth

Stock symbol "CAP"

SAN FRANCISCO (AP) -- CAI International Inc., a freight container leasing and management company, on Tuesday forecast 2008 earnings above Wall Street estimates.

For fiscal 2008, CAI expects earnings in the range of $1.30 per share to $1.35 per share. Analysts polled by Thomson Financial expect, on average, profit of $1.27 per share.

Revenue is expected to jump "as a result of the growth in the owned fleet in 2007, expected future investment and high utilization in 2008," CAI said in a release.

Shares rose 67 cents, or 6.5 percent, to $10.97 in aftermarket activity. They earlier climbed 24 cents to end regular trading at $10.30. The stock has traded in a 52-week range of $7.90 to $15.96.
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