Oceaneering International Inc. Profit Drops 64% In Q2

(RTTNews) - Oceaneering International Inc. (OII) announced earnings for second quarter that decreased compared to the same period last year.

The company said its earnings dropped to $26.84 million, or $0.27 per share. This was down from $75.22 million, or $0.76 per share, in last year's second quarter.

The company said revenue for the quarter fell 22.8% to $625.54 million. This was down from $810.30 million last year.

Oceaneering International Inc. earnings at a glance:

-Earnings (Q2): $26.84 Mln. vs. $75.22 Mln. last year. -Earnings Decline (Y-o-Y): -64.3% -EPS (Q2): $0.27 vs. $0.76 last year. -EPS Decline (Y-o-Y): -64.5% -Revenue (Q2): $625.54 Mln vs. $810.30 Mln last year. -Revenue Change (Y-o-Y): -22.8%