McDermott Adjusts 2017 Guidance - Quick Facts

(RTTNews) - McDermott International, Inc. (MDR) announced, for 2017, the company now expects earnings per share of approximately $0.53; and revenue of approximately $3.0 billion. Previously, the company projected fiscal 2017 earnings per share of approximately $0.42 and revenue of approximately $3.2 billion.

Third-quarter earnings attributable to McDermott stockholders were $94.7 million, or $0.33 per share, compared to $16.1 million, or $0.06 per share, for the prior-year third quarter. For the prior-year third quarter, adjusted net income was $25.8 million, or $0.09 per adjusted share. Revenues were $958.5 million compared to revenues of $558.5 million for the prior-year third quarter.