Mitcham Industries (MIND) Misses Q1 EPS by 14c

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Go back to Mitcham Industries (MIND) Misses Q1 EPS by 14c

Mitcham Industries Reports Fiscal 2016 First Quarter Results

June 2, 2015 4:15 PM EDT

HUNTSVILLE, Texas, June 2, 2015 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("The Company") today announced financial results for its fiscal 2016 first quarter ended April 30, 2015.

Total revenues for the first quarter of fiscal 2016 were $17.1 million compared to $25.7 million in the first quarter of fiscal 2015.  Equipment leasing revenues, excluding equipment sales, were $11.2 million in the first quarter compared to $16.2 million in the same period last year.   The Company reported a net loss of $0.2 million, or $(0.02) per share, in the first quarter of fiscal 2016 compared to net income of $3.7 million, or $0.29 per diluted share, in... More