Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- OII reported Q1 adjusted profit of 14 cents per share, missing estimates. - Revenues of $599.1 million, up 11.6% YOY, but missed estimates. - Subsea Robotics, Manufactured Products, Aerospace and Defense Technologies saw growth. - Capital expenditure at $25 million in Q1, cash equivalents at $354.7 million. - Outlook expects improvement in Q2 2024 results. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- OII reported Q1 adjusted profit of 14 cents per share, missing estimates.
- Revenues of $599.1 million, up 11.6% YOY, but missed estimates.
- Subsea Robotics, Manufactured Products, Aerospace and Defense Technologies saw growth.
- Capital expenditure at $25 million in Q1, cash equivalents at $354.7 million.
- Outlook expects improvement in Q2 2024 results.
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