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Why Oceaneering International Stock Just Popped 11.5%

TheMotleyFool

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Why Oceaneering International Stock Just Popped 11.5%

Shares of underwater robotics specialist Oceaneering International (NYSE: OII) shot out of the water this morning, rising 11.5% through 10:30 a.m. EST after crushing analyst earnings projections for fiscal Q4 2020 last night.

Expected to lose $0.20 per share (pro forma), Oceaneering delivered instead a $0.02 per-share profit (also pro forma).

Image source: Getty Images.

Source Fool.com

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