McDermott International Badly Misses Estimates; Stock Plunges (MDR)
August 05, 2013 at 17:41 PM EDT
Engineering firm McDermott International (NYSE: MDR ) released its fiscal second-quarter earnings results after the closing bell on Monday. Both the company's earnings per share and revenue badly missed Wall Street consensus. In late trade, the stock was last down almost 15 percent to $7.43. Management Commentary “As a management