Shares of McDermott International (MDR), down 19.8%, fall into the abyss after the company...

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

Shares of McDermott International (MDR), down 19.8%, fall into the abyss after the company slashes Q3 profit guidance down to $0.03-$0.05, well off of the consensus estimate of analysts of $0.29. The company pins about 75% of its project losses to marine projects in its Atlantic segment.