Subsea 7 Q2 EPS $0.85 Beats $0.61 Estimate, Sales $1.927B Beat $1.906B Estimate

Subsea 7 (OTC:SUBCY) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.61 by 39.34 percent. This is a 88.89 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $1.927 billion which beat the analyst consensus estimate of $1.906 billion by 1.12 percent. This is a 9.74 percent increase over sales of $1.756 billion the same period last year.