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Shares of Lufkin Industries (LUFK) fall off a cliff, down 15%, after the firm lowers its...

Shares of Lufkin Industries (LUFK) fall off a cliff, down 15%, after the firm lowers its forecast for Q3 profit to range of $0.55-$0.60 from $0.72-$0.82 on a potpourri of negative factors including materials shortages, labor unrest in Argentina, manufacturing inefficiencies, higher LIFO expenses, and shipment delays.
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