McDermott International (MDR -5%) dips after its Q3 missed estimates earlier today. Profits fell...

|About: McDermott International, Inc. (MDR)|By:, SA News Editor

McDermott International (MDR -5%) dips after its Q3 missed estimates earlier today. Profits fell 47% Y/Y as the energy-services company booked $50M in losses related to projects in its Atlantic operations, weighing on bottom line margins and offsetting stong revenue growth in Asia.