Lufkin Industries Inc. (LUFK) reported first quarter earnings from continuing operations of $0.74 per share Wednesday morning, down from the $1.05 per share posted last year. Lufkin Industries Inc. gapped down sharply Wednesday and fell in early trade. The stock declined further around mid-afternoon and closed lower by $7.90 at $29.93 on the highest volume of the year. The stock dropped to over a one-month low and fell below its 50-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.