Oceaneering (OII) Q2 Earnings Lag Estimates, Revenues Beat

Oceaneering International, Inc. (OII) reported adjusted profit of 28 cents per share for the second quarter of 2024, missing the Zacks Consensus Estimate of 37 cents. This was due to lower-than-expected operating income from the company's Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments. Offshore Projects Group: This segment involves Oceaneering's former Subsea Projects unit, excluding survey services and global data solutions, and the servic ...