* 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 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.
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(Reporting by Arundhati Ramanathan in Bangalore; Editing by
Ratul Ray Chaudhuri)