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NightHawk Radiology Holdings, Inc. Announces Preliminary 2007 Results
Date:1/28/2008

COEUR D'ALENE, Idaho, Jan. 28 /PRNewswire-FirstCall/ -- NightHawk Radiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiology solutions to radiology groups across the United States, today announced its preliminary, unaudited financial results for the year ended December 31, 2007. Results are subject to completion of the company's customary closing and review procedures.

Preliminary 2007 Results

The company expects to report 2007 revenue in the range of $151 to $152 million, compared to $92 million in 2006, and 2007 adjusted earnings per diluted share in the range of $0.90 to $0.91, compared to adjusted earnings per diluted share of $0.70 in 2006. The company's calculation of adjusted earnings per diluted share excludes certain non-cash charges, including stock compensation, IBNR reserves and the amortization of intangibles associated with acquisitions. Also excluded from the calculation of 2007 adjusted earnings per diluted share is a one-time charge of approximately $0.5 million related to the settlement of an acquisition-related legal dispute.

The company's 2007 results were impacted by slightly lower fourth quarter volumes due to greater than expected seasonality, and a delay in transitioning the former Radlinx physician contracts to the company's compensation model.

Conference Call & Web Cast

The fourth quarter and full-year 2007 conference call will be held on Wednesday, February 13, 2008 at 8:30 a.m. (ET). A live webcast of the conference call, as well as a replay, will be available online on the company's corporate website at http://www.nighthawkrad.net. Participants can also access the call by dialing 800-240-4186 (within the
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SOURCE NightHawk Radiology Holdings, Inc.
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