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

|About: Dresser-Rand Group Inc. (DRC)|By:, SA News Editor

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.