Dresser-Rand's (DRC -5.2%) Q2 earnings rose more than expected, but the equipment maker warned...


Dresser-Rand's (DRC -5.2%) Q2 earnings rose more than expected, but the equipment maker warned that its new-unit bookings have slowed. J.P. Morgan notes DRC's caution follows recent comments from fellow oil equipment companies FMC Tech (FTI -2%) and Cameron (CAM -4.4%) about delayed orders and project progression hitting the latest and near-term future results (I, II).

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