Lufkin Industries (LUFK -8.8%) gets hit after reporting a Q2 bottom-line miss due to higher wage...

|About: Lufkin Industries, Inc. (LUFK)|By:, SA News Editor

Lufkin Industries (LUFK -8.8%) gets hit after reporting a Q2 bottom-line miss due to higher wage and capital costs. The company also reduces guidance for Q3, saying that similar challenges are likely to continue.