Oceaneering (OII) shares fall 17.5% after quarterly adjusted EPS misses estimates
FROM THE WIRE · FINANCE.YAHOO.COM
Why Oceaneering (OII) stock is nosediving What happened? Shares of offshore services provider Oceaneering International (NYSE:OII) fell 17.5% in the afternoon session after the company reported a 26% year-over-year decline in net income attributable to the company for the third…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA missed adjusted EPS can weigh on a mid-sized offshore services stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shares fell 17.5% in the afternoon session.
- 02Net income attributable to the company dropped 26% year over year in the third quarter.
- 03Adjusted EPS of 50 cents was below expectations of 59 cents.
- 04Revenue of $784.6 million rose 5.6% and beat estimates.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets