McDermott (MDR) Misses Q1 EPS by 11c
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McDermott Reports First Quarter 2019 Financial and Operational Results
April 29, 2019 7:00 AM EDTHOUSTON, April 29, 2019 /PRNewswire/ --Â McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.2 billion and a net loss of $(70) million, or $(0.39) per diluted share, for the first quarter of 2019. Excluding restructuring, integration and transaction costs, as outlined in an accompanying table, the adjusted net income for the first quarter of 2019 was $3 million, or $0.02 per diluted share.
"With our steady progress on both Cameron and Freeport during the first quarter of 2019, McDermott has taken important steps to demonstrate disciplined execution on these projects," said David Dickson, President and Chief Executive... More
