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Stock Market & Financial Investment News

News Breaks
February 17, 2014
18:17 EDTDRCDresser-Rand says Q4 operating income lower than expected
Dresser-Rand said, "Our fourth quarter operating income before the potential impact of the proposed Spanish regulation is expected to be at a record level for our Company; however, it will be lower than our earlier expectation due primarily to the two items mentioned above. Additionally, we expect to report a record level of aftermarket bookings for 2013, and while new unit bookings for 2013 were affected by project delays during the course of the year, especially in the upstream part of the business, we had a strong level of bookings in the fourth quarter 2013. We also saw in the fourth quarter improvement in our net working capital and operating margins."
News For DRC From The Last 14 Days
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February 27, 2015
16:52 EDTDRCDresser-Rand says 2015 'expected to be a relatively stable year in sales'
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16:50 EDTDRCDresser-Rand to cut 8% of its workforce
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16:48 EDTDRCDresser-Rand reports Q4 adjusted EPS $1.52, consensus $1.30
February 25, 2015
10:49 EDTDRCOptions with increasing implied volatility: DO BHI DRC
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February 17, 2015
08:38 EDTDRCEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link

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