Oceaneering International, Inc. (OII) reported third quarter net income of $49.5 million or $0.90 per share, compared to $54.3 million or $0.98 per share in the prior year period.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share. Analysts' estimates typically exclude special items.
Revenue for the period was $484 million, compared to $516 million in last year period. Ten Wall Street analysts expected revenues of $471.38 million.
Looking forward, for the fourth quarter of 2009, the company expects earnings per in the range of $0.75 to $0.81. Street analysts expect earnings of $0.85 per share.
For the fiscal year 2009, the company now expects earnings per share in a range of $3.32 to $3.38, compared to its earlier projection in the range of $3.25 to $3.45. Street analysts expect earnings of $3.39 per share.
Fiscal year 2010 earnings per share is estimated to be relatively flat with 2009, in the range of $3.25 to $3.55. Fourteen Street analysts expect earnings of $3.51 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.