McDermott International (MDR +16%) soars despite missing on its Q4 results across the board. Net...

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

McDermott International (MDR +16%) soars despite missing on its Q4 results across the board. Net earnings swung to a loss on project writedowns and higher expenses, but this masked a solid 53% Y/Y jump in overall revenue for the quarter. The company also noted its outlook for FY12 has improved based on positive developments in Brazil and Mexico.