Global Hunter Securities Downgrades McDermott (MDR) to Neutral

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KeyBanc Downgrades McDermott (MDR) to Hold

March 4, 2013 8:26 AM EST

KeyBanc downgraded McDermott (NYSE: MDR) from Buy to Hold.

"While we continue to see a thematically strong end-market ahead for McDermott International, Inc., we gauge costs are increasing at a higher pace vs. our expectations and posing additional risk to the Company achieving... More

McDermott International, Inc. (MDR) Misses Q4 EPS by 6c, Guides FY13

February 28, 2013 4:16 PM EST

McDermott International, Inc. (NYSE: MDR) reported Q4 EPS of $0.17, $0.06 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $996 million versus the consensus estimate of $981.49 million.

McDermott International, Inc. sees FY2013 revenue of $3 million, versus the consensus of $3.13 million.
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