McDermott International's Blowout Quarter Sends Shares Flying
Shares of oil engineering and construction specialist McDermott International (NYSE: MDR) are up 10.7% as of 12:15 p.m. EDT Wednesday. The catalyst for today's move was the company's earnings that were well above Wall Street estimates.
McDermott's third-quarter earnings came in at $94.7 million, or $0.33 per share, on $958.5 million in revenue. Wall Street expected earnings to be $0.20 per share.
Source: Fool.com
McDermott International Inc. Stock
€0.54
29.630%