Guess what this indicates: Shares of McDermott International Inc. tumbled Thursday after the offshore drilling platform builder reported lower-than-expected first-quarter profit.
THE SPARK: McDermott said late Wednesday that it made $20.6 million, or 9 cents per share, down from $62.8 million, or 26 cents per share, in the same quarter of 2012. Revenue rose 11 percent to $807.5 million.