McDermott Reports First Quarter 2017 Financial and Operational Results
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McDermott Int'l (MDR) Tops Q1 EPS by 12c
April 25, 2017 7:38 AM EDTMcDermott 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 $687.39 million.
McDermott saw a profitable and strategic start to 2017 and I am extremely pleased with our first quarter performance. Excellent project execution and customer alignment led to cost savings, better than anticipated closeouts and customer driven change orders, driving McDermotts... More
