Cascade Shares Slip After 4th-quarter Loss

WASHINGTON (AP) — Shares of Cascade Corp. slipped Friday after the maker of forklift attachments, hydraulic cylinders and other loading gear reported a fiscal fourth-quarter loss.

In afternoon trading, Cascade shares lost 56 cents, or 2.8 percent, to $19.40. They earlier traded as low as $18.14. The company's stock has traded between $12.81 and $53.76 over the last 52 weeks.

Cascade on Thursday recorded a quarterly loss of $30.5 million, or $2.82 per share, compared with net income of $8.8 million, or 74 cents per share, in the same period last year. The latest quarter's results reflect a $46.4 million asset impairment charge. ...