Oceaneering International Inc. Dipped Into the Red Once Again

Oceaneering International Inc. Dipped Into the Red Once Again

Oceaneering International's (NYSE: OII) return to profitability didn't last long. After finally jumping back into the black last quarter -- reversing a string of losses -- the offshore service and product company's earnings headed back into negative territory during the third quarter. The company expects that trend to continue. It anticipates an even deeper loss next quarter and that 2018's results will "significantly lower" than this year's because the oil industry expects to spend even less money drilling offshore.

Metric

Q3 2017

Continue reading

Source: Fool.com