Oceaneering International Inc. Earnings Decline 92% In Q2

(RTTNews) - Oceaneering International Inc. (OII) revealed a profit for second quarter that decreased from last year.

The company said its earnings came in at $2.12 million, or $0.02 per share. This was lower than $26.84 million, or $0.27 per share, in last year's second quarter.

The company said revenue for the quarter fell 17.7% to $515.04 million. This was down from $625.54 million last year.

Oceaneering International Inc. earnings at a glance:

-Earnings (Q2): $2.12 Mln. vs. $26.84 Mln. last year. -Earnings Decline (Y-o-Y): -92.1% -EPS (Q2): $0.02 vs. $0.27 last year. -EPS Decline (Y-o-Y): -92.6% -Revenue (Q2): $515.04 Mln vs. $625.54 Mln last year. -Revenue Change (Y-o-Y): -17.7%