ARB on slippery slope

ARB tumbled the most in four years after it issued a profit warning due to a drop off in demand from auto manufacturers and rising costs.

Shareholders got off-roaded by ARB Corporation’s (ARB) profit waring this morning, which caused the stock to suffer its worst slide in four years.

The four-wheel drive accessory supplier said that first quarter sales were disappointing due to a sharp drop off in demand from auto manufacturers and rising costs.

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