| 0 |
WSJ891102-0056
= 891102
891102-0056.
Business Brief -- Elco Industries Inc.:
@ Fastener Maker Expects Net
@ In '90 to Be Below Forecast
11/02/89t22
WALL STREET JOURNAL (J)
ELCN
| 1 |
Elco Industries Inc.
saide1
it
expectse2
net income
ins23
the yeart28
endinge26
June 30, 1990t27
, to
falle19
below a recent analyst's estimate of
$1.65
a share.
| 2 |
The
Rockford
,
Ill.
, maker of fasteners also
saide5
it
expectse6
to
poste8
sales
ins29
the current fiscal yeart30
that are " slightly above"
fiscal 1989t32
sales of
$155e138
million
.
| 3 |
The company
saide10
its industrial unit
continuese11
to
facee33
margin
pressurese136
and lower
demande137
.
| 4 |
Ins34
fiscal 1989t35
,
Elco
earnede15
$7.8 million
, or
$1.65
a share.
| 5 |
The company's stock
felle16
$1.125 to
$13.625e36
in over-the-counter trading
yesterdayt37
.
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