More on McDermott (MDR): Q2 is largely in line, with only a slight miss on the top line. Net...

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

More on McDermott (MDR): Q2 is largely in line, with only a slight miss on the top line. Net earnings fell 22% Y/Y due to a 5.6% jump in total expenses, and spite of a 21% decline in general overhead costs. One bright spot comes from improved performances in its Middle East and Atlantic segments and a better backlog, which stood at $5.7B at the end of June, up from $4.7B a year earlier. Shares -3% AH.