Oceaneering International (NYSE:OII) Shares Gap Down Following Weak Earnings themarketsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketsdaily.com Daily Mail and Mail on Sunday newspapers.
Oceaneering International, Inc. today reported net income of $44.5 million, or $0.43 per share, on revenue of $655 million for the three months ended December 31, 2023. Adjusted net income was.
Oceaneering International, Inc. announced that its Aerospace and Defense Technologies (ADTech) business segment has been awarded a contract by the Defense Innovation Unit (DIU), a U.S. Department of Defense organization, for the development and testing of the Freedom Autonomous Underwater Vehicle (AUV) as a potential Large Displacement Unmanned Undersea Vehicle (LDUUV) prototype for the U.S. Navy’s Program Office for Advanced Undersea Systems.
Essex Investment Management Co. LLC bought a new stake in Oceaneering International, Inc. (NYSE:OII – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,700 shares of the oil and gas company’s stock, valued at approximately $1,304,000. Essex Investment Management Co. […]