Oceaneering International Inc. Q3 Earnings Decline 85%

(RTTNews) - Oceaneering International Inc. (OII) released a profit for third quarter that fell from last year.

The company said its profit totaled $2.45 million, or $0.02 per share. This was down from $16.57 million, or $0.17 per share, in last year's third quarter.

The company said revenue for the quarter fell 13.3% to $476.12 million. This was down from $549.28 million last year.

Oceaneering International Inc. earnings at a glance:

-Earnings (Q3): $2.45 Mln. vs. $16.57 Mln. last year. -Earnings Decline (Y-o-Y): -85.2% -EPS (Q3): $0.02 vs. $0.17 last year. -EPS Decline (Y-o-Y): -88.2% -Revenue (Q3): $476.12 Mln vs. $549.28 Mln last year. -Revenue Change (Y-o-Y): -13.3%