Oceaneering International Q2 EPS $0.18 Misses $0.29 Estimate, Sales $597.91M Miss $601.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International (NYSE:OII) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.29 by 37.93%. The company also reported quarterly sales of $597.91 million, missing the analyst consensus estimate of $601.64 million by 0.62%. Despite the miss, this represents a 157.14% increase in earnings and a 14.10% increase in sales compared to the same period last year.
July 26, 2023 | 9:02 pm
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NEGATIVE IMPACT
Oceaneering International's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Oceaneering International's Q2 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100