McDermott Reports Second Quarter 2019 Financial and Operational Results

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McDermott (MDR) Misses Q2 EPS by 25c, Cuts FY Guidance

July 29, 2019 4:42 PM EDT

McDermott (NYSE: MDR) reported Q2 EPS of ($0.07), $0.25 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.28 billion.

GUIDANCE:

McDermott sees FY2019 EPS of ($0.32), versus the consensus of $1.60. McDermott sees FY2019... More