Oceaneering International Inc. (OII) announced earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $56.10 million, or $0.55 per share. This compares with $44.53 million, or $0.43 per share, last year.
Excluding items, Oceaneering International Inc. reported adjusted earnings of $37.46 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.0% to $713.45 million from $654.63 million last year.
Oceaneering International Inc. earnings at a glance (GAAP) :
-Earnings: $56.10 Mln. vs. $44.53 Mln. last year.
-EPS: $0.55 vs. $0.43 last year.
-Revenue: $713.45 Mln vs. $654.63 Mln last year.
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