Geospace Technologies (GEOS) Tops Q1 EPS by 1c

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Go back to Geospace Technologies (GEOS) Tops Q1 EPS by 1c

Geospace Technologies Reports Fiscal Year 2016 First Quarter Results

February 3, 2016 4:02 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $11.0 million, or $0.85 per diluted share, on revenue of $13.1 million for its fiscal quarter ended December 31, 2015. This compares with a net loss of $5.4 million, or $0.41 per diluted share, on revenue of $21.2 million for the prior year.

Walter R. (Rick) Wheeler, Geospace Technologies President and CEO, said, The first quarter of fiscal year 2016 saw further depression of market conditions for seismic equipment that existed at the end of fiscal year 2015. Compared to last years first quarter, our revenue was down by... More