NN swings to 4th-qtr profit, raises 2003 estimates

Newswire

JOHNSON CITY, Tenn., Feb 25 (Reuters) - NN Inc. , which makes bearing components like steel balls and rollers, on Tuesday swung to a quarterly profit from a year-ago loss, helped by a gain and higher demand from the automotive industry. The Johnson City, Tennessee, company said net income for the fourth quarter was $7.3 million, or 46 cents a share, compared with net loss of $1 million, or 7 cents a share, a year earlier. Fourth-quarter net income of 2002 included a gain of 38 cents a ...

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