McDermott Profit Drops 82% On Charges

(RTTNews) - Engineering and construction firm McDermott International Inc. (MDR: News ) said Monday after the markets closed that its third quarter profit dropped 82% from last year, hurt mainly by non-cash impairment and related charges. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations. At the same time, the company said it received $1.2 billion in new bookings last month.
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Source: RTT News