Oceaneering International Q2 Earnings, Revenue Rise; Shares Climb

MT Newswires Live07-23

Oceaneering International (OII) reported fiscal Q2 non-GAAP net income late Wednesday of $0.63 per diluted share, up from $0.49 a year earlier.

Analysts polled by FactSet expected $0.46.

Revenue for the quarter ended June 30 was $768.2 million, up from $698.2 million a year earlier.

Four analysts expected $735.7 million.

For fiscal Q3, the company expects EBITDA in the range of $115 million to $125 million.

Four analysts are looking for $112.9 million.

Shares rose nearly 9% in after-hours trading.

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