Mitcham Industries Reports Fiscal 2016 Second Quarter Results

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Go back to Mitcham Industries Reports Fiscal 2016 Second Quarter Results

Mitcham Industries (MIND) Reports Q2 Loss Per Share of $0.49

September 2, 2015 4:59 PM EDT

Mitcham Industries (NASDAQ: MIND) reported Q2 EPS of ($0.49), versus ($0.26) reported last year. Revenue for the quarter came in at $7.6 million, versus $19.5 million reported last year.

Rob Capps, Executive Vice President, Chief Financial Officer and Interim Co-COO, stated, "We continue to be impacted by very challenging market conditions in the seismic industry. Our second quarter, which is seasonally the weakest quarter of the year in terms of seismic activity, proved to be very difficult as we continue to operate in the midst of a global slowdown in the oil and gas industry. Our results... More