

wsj_0135

11/02/89


WSJ891102-0056 = 891102 891102-0056.
Business Brief -- Elco Industries Inc.: @ Fastener Maker Expects Net @ In '90 to Be Below Forecast 11/02/89 WALL STREET JOURNAL (J) ELCN



Elco Industries Inc. said it expects net income in the year ending June 30, 1990, to fall below a recent analyst's estimate of $1.65 a share.

The Rockford, Ill., maker of fasteners also said it expects to post sales in the current fiscal year that are " slightly above" fiscal 1989 sales of $155 million. The company said its industrial unit continues to face margin pressures and lower demand.

In fiscal 1989, Elco earned $7.8 million, or $1.65 a share. The company's stock fell $1.125 to $13.625 in over-the-counter trading yesterday.



































