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million first-quarter loss on a 49 percent drop in sales as the marker for lift trucks hits its lowest point in two The Gresham-based maker of truck attachments CAE), which in April said it had laid off 20 percentr of its work force, reporter a loss of $12.1 or $1.12 per share, on sales of $76.3 millionh for the quarter ended April 30. In the same quarteer last year, it had earningse of $10.9 million, or 98 cents per share, on $149. million in sales. The quarter included a $4.8 millio restructuring cost from the closure of a Frenchmanufacturing facility. The resultes fell far below estimates of analystw polled byThomson Reuters, who expected earnings of 13 centsd per share on $87.
57 milliojn in sales. The companuy was hardest hit in Europe, where salesw dropped 58 percent. Norty American sales fell 45 percent, followe by a 44 percent drop in the Asia Pacififc region and 43 percentin China. Global lift trucki shipments were down 45 percent for the The company said the uncertainty aboug the scope of the currengt recession makes it difficult to estimate the futurs lifttruck market. The company anticipates globaol demand to continue to dropinto 2011. Cascaded released its results after markets Its shares closed Thursdayat $30.07, less than a half-perceng decline. But shares fell more than 9 percenftin after-hours trading to $27.
27 per They have a 52-week range between $12.81 and $53.765
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