McDermott International Inc. (MDR) shares are soaring today.

The construction company posted fourth quarter earnings-per-share of $0.03, falling short of the consensus estimate ($0.06). However, revenue increased 55.9% to $806.4 million, compared to the year-ago total of $715.83 million.

McDermott International’s revenue for the full-year ended December 31, 2014 is $2.3 billion and operating income was $8.6 billion. The company increased its outlook for its fiscal 2015.

It projects revenue to be $3.3 to $3.6 billion, higher than the $2.79 billion consensus revenue estimate. Restructuring charges are in the range of $25 million to $35 million.

MDR stock is up 27.59% Tuesday with shares selling at $3.33 on more than 5 million shares.

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