Oceaneering (OII) Misses Q3 EPS by 1c

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Oceaneering Reports Third Quarter 2017 Results

October 25, 2017 5:01 PM EDT

HOUSTON, Oct. 25, 2017 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported a net loss of $1.8 million, or $(0.02) per share, on revenue of $476 million for the three months ended September 30, 2017.  Excluding the impacts of a total of $4.2 million for: prior year non-income related taxes, discrete income tax expense, and foreign currency exchange losses, adjusted net income was $2.4 million, or $0.02 per share.

During the immediately preceding quarter, Oceaneering reported net income of $2.1 million, or $0.02 per share, on revenue of $515 million.

Adjusted operating income, operating margin, net income (loss)... More