Looking ahead to fiscal 2012, the company raised its earnings and revenue guidance to reflect the inclusion of International Mining Machinery. Earnings are now expected in a range of $7.40 to $7.80 per share on projected revenues between $5.6 billion and $5.8 billion. Street is currently looking for full-year 2012 earnings of $7.45 per share on annual revenues of $5.52 billion.
Earlier, the company had forecast earnings in the range of $7.00 to $7.40 per share on revenues between $5.3 billion and $5.5 billion.
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