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Oceaneering International Inc. Reports Second-Quarter Net Income of $19 Million
HOUSTON (AP) — Oceaneering International Inc. (OII) announced on Wednesday that it has achieved a net income of $19 million during the second quarter.
The Houston-based company reported earnings of 19 cents per share, while adjusted earnings, excluding non-recurring gains, stood at 18 cents per share.
However, Oceaneering International fell short of Wall Street expectations. The average estimate by three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
During the period, the oilfield services company generated a revenue of $597.9 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OII at https://www.zacks.com/ap/OII
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