Oceaneering International Inc. (OII) revealed earnings for third quarter that fell from last year.
The company said its earnings dropped to $68.54 million, or $0.70 per share. This was lower than $124.34 million, or $1.16 per share, in last year's third quarter.
Analysts had expected the company to earn $0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 23.6% to $743.61 million. This was down from $973.09 million last year.
Oceaneering International Inc. earnings at a glance:
-Earnings (Q3): $68.54 Mln. vs. $124.34 Mln. last year.
-Earnings Decline (Y-o-Y): -44.9%
-EPS (Q3): $0.70 vs. $1.16 last year.
-EPS Decline (Y-o-Y): -39.7%
-Analysts Estimate: $0.69
-Revenue (Q3): $743.61 Mln vs. $973.09 Mln last year.
-Revenue Change (Y-o-Y): -23.6%
-Guidance:
Next quarter EPS guidance: $0.54 - $0.60
Full year EPS guidance: $2.60 - $2.66
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