Benzinga | Jul 29, 2020 05:21PM EDT

Oceaneering International Q2 EPS $(0.14) Beats $(0.21) Estimate, Sales $427.22M Miss $453.65M Estimate

Oceaneering International (NYSE:OII) reported quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.21) by 33.33 percent. This is a 56.25 percent increase over losses of $(0.32) per share from the same period last year. The company reported quarterly sales of $427.22 million which missed the analyst consensus estimate of $453.65 million by 5.83 percent. This is a 13.83 percent decrease over sales of $495.78 million the same period last year.