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Oceaneering International Q2 Adjusted Earnings, Revenue Rise; Tightens 2024 Net Income Outlook
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Oceaneering International Q2 Adjusted Earnings, Revenue Rise; Tightens 2024 Net Income Outlook
Jul 25, 2024 1:14 AM

03:46 AM EDT, 07/25/2024 (MT Newswires) -- Oceaneering International ( OII ) late Wednesday reported Q2 adjusted earnings of $0.28 per diluted share, up from $0.18 a year earlier.

Four analysts polled by Capital IQ expected $0.31.

Revenue for the quarter ended June 30 was $668.8 million, up from $597.9 million a year earlier. Four analysts surveyed by Capital IQ expected $653.5 million.

For full-year 2024, the company now expects net income to be in a range of $130 million to $150 million, compared with the previous guidance of $125 million to $155 million.

Price: 25.00, Change: -0.45, Percent Change: -1.77

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