Want to join the conversation?
On Aug. 27, 2015, $CAM entered into an agreement to sell the LeTourneau Offshore Products business within the Drilling Systems division to Keppel Offshore & Marine USA, Inc. for $100MM. In connection with this transaction, $CAM recorded an estimated pre-tax loss of $6MM during 3Q15 to write-down the carrying value of the business to its fair value.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.