Oceaneering International Q4 2023 Adj EPS $0.19 Misses $0.25 Estimate, Sales $654.63M Beat $627.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International (OII) reported Q4 2023 earnings of $0.19 per share, missing the $0.25 estimate, but sales of $654.63M exceeded the $627.44M estimate. Earnings per share increased by 216.67% and sales by 22.08% compared to the same period last year.
February 22, 2024 | 10:18 pm
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Oceaneering International reported lower-than-expected Q4 2023 earnings per share but exceeded sales estimates, showing significant year-over-year growth.
The miss in earnings per share (EPS) expectations could negatively impact investor sentiment in the short term, potentially putting downward pressure on the stock price. However, the significant beat on sales estimates and the substantial year-over-year growth in both earnings and sales could offset the negative impact of the EPS miss, leading to a neutral short-term price direction. The mixed results present both positive and negative signals to investors, making the overall impact on the stock price uncertain in the short term.
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