AutoInfo Reports Lower Earnings

Logistics provider AutoInfo Inc. said it earned $392,000, or 1 cent per share, in the fourth quarter of 2007, compared with a profit of $443,000, or 1 cent, a year earlier.

Gross revenue for the quarter rose to $33 million, up from $22.7 million a year earlier, the company said in a Securities and Exchange Commission filing.

For the full year, AutoInfo earned $1.6 million, or 5 cents per share, down from $3.6 million, or 10 cents a share, in 2006.

Gross revenue for the full year was $110.3 million, up from $84.1 million in 2006, the company said in a statement.