McDermott Reports First Quarter 2016 Financial and Operational Results

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McDermott Int'l (MDR) Tops Q1 EPS by 12c, Trims FY Revenue Guidance

May 5, 2016 4:40 PM EDT

McDermott Int'l (NYSE: MDR) reported Q1 EPS of $0.13, $0.12 better than the analyst estimate of $0.01. Revenue for the quarter came in at $729 million versus the consensus estimate of $700.7 million.

GUIDANCE:

McDermott Int'l sees FY2016 revenue of $2.7 billion, versus prior guidance of... More