Reuters: Global Markets: Cal Dive shares fall after weak second-quarter EBITDA view

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Cal Dive shares fall after weak second-quarter EBITDA view Jul 12th 2012, 14:05 Thu Jul 12, 2012 10:05am EDT (Reuters) - Shares of oilfield services provider Cal Dive International (DVR.N) fell 26 percent on Thursday after it warned production disruptions caused by inclement weather will hit second-quarter earnings. The company's shares fell 26 percent to $2.09 early on Thursday, making it one of the top losers on the New York Stock Exchange. Cal Dive second-quarter earnings before interest, tax, depreciation and amortization will be about $10.5 million, below the current average market estimate of about $12.9 million, the company said in a statement. Cal Dive's equipment was idled in the latter part of June after the Tropical Storm Debby hit the Gulf of Mexico.

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