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Article: McDermott Reports Third Quarter 2003 Income from Continuing Operations of $10.1 Million, $0.15 Per Diluted Share.
- Article from:
- Business Wire
- Article date:
- November 4, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Energy Editors/Business Editors
NEW ORLEANS--(BUSINESS WIRE)--Nov. 4, 2003
Includes after-tax B&W settlement
revaluation benefit of $8.2 million
McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported income from continuing operations of $10.1 million, or 15 cents per diluted share, for the third quarter of 2003 compared to a loss from continuing operations of $366.3 million, or $5.91 per diluted share, for the same period in 2002. Including $1.7 million of income from discontinued operations, net income for the 2003 third quarter was $11.8 million, or 18 cents per diluted share. Net loss for the third ...