Oceaneering International Inc. Reveals 44% Fall In Q4 Profit

(RTTNews) - Oceaneering International Inc. (OII) reported a profit for fourth quarter that retreated from last year.

The company said its bottom line totaled $57.37 million, or $0.58 per share. This was lower than $102.47 million, or $0.99 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 21.4% to $722.07 million. This was down from $918.93 million last year.

Oceaneering International Inc. earnings at a glance:

-Earnings (Q4): $57.37 Mln. vs. $102.47 Mln. last year. -Earnings Decline (Y-o-Y): -44.0% -EPS (Q4): $0.58 vs. $0.99 last year. -EPS Decline (Y-o-Y): -41.4% -Analysts Estimate: $0.58 -Revenue (Q4): $722.07 Mln vs. $918.93 Mln last year. -Revenue Change (Y-o-Y): -21.4%