Geospace Technologies (GEOS) Misses Q3 EPS by 26c

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Go back to Geospace Technologies (GEOS) Misses Q3 EPS by 26c

Geospace Technologies Reports Fiscal Year 2015 Third Quarter Results

August 6, 2015 4:06 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $8.6 million, or $0.66 per diluted share, on revenues of $19.8 million for its fiscal quarter ended June 30, 2015. This compares with a net income of $3.8 million, or $0.29 per diluted share, on revenues of $40.7 million for the corresponding quarter in the prior fiscal year.

For the nine months ended June 30, 2015, the company recorded revenues of $68.9 million and a net loss of $19.2 million, or $1.48 per diluted share. For the comparable period last year, the company recorded revenues of $210.6 million and a net income of $38.7 million, or $2.95... More