Oceaneering Reports First Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Oceaneering (OII) Tops Q1 EPS by 21c, Revenues Beat
April 29, 2019 5:02 PM EDTOceaneering (NYSE: OII) reported Q1 EPS of ($0.24), $0.21 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $493.89 million versus the consensus estimate of $465.25 million.
Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "We are very pleased that our first quarter results exceeded expectations. Higher than expected activity and good execution within our energy-focused businesses were key factors in achieving this performance. Each of our operating segments generated positive EBITDA, and our consolidated adjusted EBITDA of $30.4 million surpassed published consensus estimates.
"Based on our first quarter... More
