More on Dresser-Rand's (DRC) Q2 results: Although earnings rose 57% Y/Y, DRC expects oil and gas...


More on Dresser-Rand's (DRCQ2 results: Although earnings rose 57% Y/Y, DRC expects oil and gas customers to scale back spending and warns of slower new unit bookings. DRC now sees $1.5B-$1.7B with FY 2013 operating income of $430M-$450M after previously expecting new unit bookings of $1.8B-$2B and operating income of $450M-$530M.

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