McDermott Slumps to Loss

Houston-based McDermott has reported quarterly loss of $2.8 billion, or $15.33 per diluted share, compared to $26 million, or $0.27 per diluted share in the fourth quarter of 2017. Adjusted net loss for the fourth quarter was $280 million, with adjusted diluted earnings per share of $1.55. Excluding project-related charges, Mcdermott booked a $2.2 billion … Continue reading McDermott Slumps to Loss