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Cameron International Corporation Message Board

  • tigerpac tigerpac Apr 29, 2011 10:25 AM Flag

    Litigation Costs

    related to Deepwater Horizon matters (from their conference call):

    "Now with respect to Cameron's results for quarter 1, as you've seen, we reported earnings of $0.46 a share, excluding charges of $0.30 related to litigation costs associated with the Deepwater Horizon. Our earnings also reflect the previously announced charges of $0.17 a share, related to cost overruns on the subsea project in Nigeria and uncollectible receivables in Libya. These charges reflect the risk of doing business in emerging countries that have now been incorporated into our earnings guidance for the remainder of 2011."

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