Oceaneering International (OII) Tops Q2 EPS by 1c, Tightens FY EPS Guidance

Oceaneering International, Inc. (NYSE: OII) reported Q2 EPS of $1.02, $0.01 better than the analyst estimate of $1.01. Revenue for the quarter came in at $927.4 million versus the consensus estimate of $923.83 million.

Oceaneering International, Inc. sees FY2014 EPS of $3.95-$4.05, versus prior guidance of $3.9-$4.1 and the consensus of $4.04.

Oceaneering International, Inc. sees Q3 2014 EPS of $1.10-$1.15, versus the consensus of $1.12.

Relative to the first half of 2014, we expect to generate higher income from each of our operating segments during the second half, led by ROV and Subsea Projects. We continue to forecast year-over-year operating income growth for all of our oilfield segments in 2014.

For earnings history and earnings-related data on Oceaneering International, Inc. (OII) click here.

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