12:13 PM EDT, 07/25/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Oceaneering International ( OII ) shares were up more than 11% in recent Thursday trading, a day after the company reported a year-over-year increase in its Q2 results.

Oceaneering International ( OII ) reported Q2 adjusted earnings late Wednesday 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: 28.30, Change: +2.85, Percent Change: +11.18