SPX4,280.15+72.88 1.73%
DIA337.83+4.12 1.23%
IXIC13,047.19+267.27 2.09%

Oceaneering International: Q2 Earnings Insights

Oceaneering International (NYSE:OII) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:01 PM. Here's what investors need to know about the announcement.

Benzinga · 07/27/2022 18:05

Oceaneering International (NYSE:OII) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:01 PM.

Here's what investors need to know about the announcement.

Earnings

Oceaneering International missed estimated earnings by 41.67%, reporting an EPS of $0.07 versus an estimate of $0.12.

Revenue was up $25.83 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 8.39% drop in the share price the next day.

Here's a look at Oceaneering International's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.04 0.04 0.04
EPS Actual -0.06 0.05 -0.01 0.10
Revenue Estimate 440.39M 467.96M 485.42M 452.98M
Revenue Actual 446.16M 466.71M 466.81M 498.20M

To track all earnings releases for Oceaneering International VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.