UPDATE 1-Dresser-Rand Q4 profit lags estimates
* Q4 adj EPS $0.61 vs est. $0.66: Thomson Reuters I/B/E/S
* Q4 revenue falls 25 pct to $562.5 mln
* Sees forex loss of $14 mln in Q1
* Sees operating-income of $260-$300 mln for 2010
* To buyback shares of up to $200 mln
Feb 25 (Reuters) - Dresser-Rand Group Inc (DRC.N), which makes equipment for the oil and gas industry, posted a fourth-quarter profit that missed estimates, hurt by lower bookings and a drop in backlog.
The company will incur a loss of about $14 million in the first quarter of 2010 due to the devaluation of the Bolivar by the Venezuelan government.
In the latest quarter, the company posted a net income of $41.4 million, or 50 cents a share, compared with $77.0 million, or 94 cents a share, a year ago.
Revenue fell 25 percent to $562.5 million.
Analysts, on average, were looking for earnings of 66 cents a share, before items, on revenue of $652.4 million, according to Thomson Reuters I/B/E/S.
Total bookings for the quarter fell 14 percent to $610.2 million, while total backlog fell 24 percent to $1.71 billion.
Shares of the Houston-based company fell 3 percent to $30.95 in after-hours trade. They closed at $31.85 Thursday on the New York Stock Exchange.
For the alerts, double-click [ID:nWNAB2337] (Reporting by Arundhati Ramanathan in Bangalore; Editing by Ratul Ray Chaudhuri)