Investing.com - Oceaneering International (NYSE:OII) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oceaneering International announced earnings per share of $0.23 on revenue of $560.00. Analysts polled by Investing.com anticipated EPS of $0.14 on revenue of $544.58M.
Oceaneering International shares are up 102.69% from the beginning of the year, still down 38.30% from its 52 week high of $18.20 set on March 8.
Oceaneering International shares gained 6.86% in after-hours trade following the report.
Oceaneering International follows other major Energy sector earnings this month
Oceaneering International's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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