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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (36012)	9/25/2001 7:58:21 AM
From: Jim Spitz	Read Replies (1) \| Respond to of 37746

ASV 3rd-quarter earnings to miss estimates, sets buyback Published Sep 25 2001 GRAND RAPIDS, MINN. -- ASV Inc., which makes all-terrain vehicles for the construction and landscaping industries, said third-quarter sales and profit will miss forecasts as dealers slow orders because of the recent terrorist attacks and slowing economy. ASV expects to break even or lose 2 cents a share, compared with a forecast profit of 70 cents a share based on the average estimate in an IBES poll. ASV also plans to buy back up to $5 million in common stock using money it already has available, spokesman Jay Lemke said. At Friday's price that would be about 497,500 shares, or about 4.8 percent of those outstanding. The Grand Rapids-based company said sales of its 4810 Posi-Track construction vehicle had dropped because of the introduction of the Multi-Terrain Loader it developed jointly with Caterpillar Inc. ASVI's shares rose 60 cents to $10.65. -- Bloomberg News © Copyright 2001 Star Tribune. All rights reserved.