Oceaneering International Q2 2024 Adj EPS $0.28 Misses $0.30 Estimate, Sales $668.808M Beat $653.475M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International (NYSE:OII) reported Q2 2024 earnings per share of $0.28, missing the analyst estimate of $0.30. However, the company reported sales of $668.808 million, beating the estimate of $653.475 million and showing an 11.86% increase from the same period last year.
July 24, 2024 | 9:03 pm
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Oceaneering International's Q2 2024 earnings per share missed estimates, but sales exceeded expectations and showed significant year-over-year growth.
The mixed results, with EPS missing but sales beating estimates and showing strong growth, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
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