Oceaneering (OII) Misses Q1 EPS by 9c
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Oceaneering Reports First Quarter 2016 Results
April 25, 2016 5:02 PM EDTHOUSTON, April 25, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering" or "the Company") (NYSE: OII) today reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million for the three months ended March 31, 2016. These results included $5.9 million of pretax foreign currency losses reported in other income and expenses. During the corresponding period in 2015, Oceaneering reported net income of $69.5 million, or $0.70 per share, on revenue of $787 million.
For the fourth quarter of 2015, Oceaneering reported net income of $27.5 million, or $0.28 per share, on revenue of $722 million. These results included the $45.9 million pre-tax impact of asset... More
