Oceaneering International Q3 Adj EPS $0.38 Beats $0.32 Estimate, Sales $635.18M Miss $637.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International (NYSE:OII) reported Q3 adjusted earnings of $0.38 per share, beating the analyst consensus estimate of $0.32 by 18.75%. This is a 65.22% increase from the same period last year. However, the company's quarterly sales of $635.18 million missed the analyst consensus estimate of $637.70 million by 0.40%, but still represents a 13.49% increase from last year.
October 25, 2023 | 9:04 pm
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Oceaneering International's Q3 earnings beat estimates, but sales slightly missed expectations. This mixed result may lead to a neutral short-term impact on the stock.
Oceaneering International's Q3 earnings exceeded analyst expectations, which is typically positive for the stock. However, the company's sales fell slightly short of estimates, which could offset some of the positive sentiment. Therefore, a neutral short-term impact is expected.
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