Monday, May 7, 2007

UPDATE 1-McDermott quarterly profit up, shares soar

(Reuters) - Shares of McDermott climbed more than 8 percent in extended trade after the earnings report.

The Houston-based company reported a profit of $158 million, or $1.38 cents a diluted share, compared with $55 million, or 49 cents a diluted share, in the same quarter a year earlier.


Read more at Reuters.com Market News

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