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


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.

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