Boart Longyear Cuts 2012 Earnings Forecast
Boart Longyear Ltd (OTC: BOARF) lowered its earnings forecast for 2012.
It now expects 2012 earnings before interest, tax, depreciation and amortization (EBITDA) of US$310 million to US$320 million. In August, the company had lowered its EBITDA forecast to US$360 million to US$390 million, versus its prior forecast of US$460 million.
Boart Longyear shares dropped 4.46% to close at $1.3280 on Friday.
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