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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.