Oceaneering Int'l Q3 Profit Tops View; Lifts FY13 EPS Outlook - Quick Facts

(RTTNews) - Oceaneering International, Inc. (OII) Monday reported third-quarter net income $104.4 million, or $0.96 per share, compared to $84.4 million, or $0.78 per share in the prior year quarter. On average, 24 analysts polled by Thomson Reuters expected the company to earn $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter was $853.30 million, up from $734.22 million in the comparable quarter last year, while eighteen analysts expected revenues of $858.85 million.

Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.80 to $0.85 per share. Analysts currently expect second quarter earnings of $0.84 per share.

For fiscal year 2013, the company is raising its earnings to a range of $3.35 to $3.40 per share from its prior range of $3.20 to $3.35 per share. Analysts currently expect the company to earn $3.37 per share for 2013.

The company is initiating 2014 earnings per share guidance with a range of $3.90 to $4.10. Analysts currently expect the company to earn $4.02 per share for 2014.