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Boart Longyear Ltd Lowers FY 2013 Profit Guidance-DJ

Sunday, 30 Jun 2013 09:51pm EDT 

Dow Jones reported that Boart Longyear Ltd downgraded its profit guidance for the second time in as many months, blaming a sharp decline in demand for drilling services from miners. The Company said analysts' forecasts for its operating earnings for fiscal 2013, currently range between USD176 million and USD211 million. Expectations should be reduced below these ranges given the industry volatility that persists at present, the Company said, without elaborating. 

Company Quote

-0.0050 -2.94%
19 Dec 2014