Geospace Technologies (GEOS) Misses Q3 EPS by 32c

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Go back to Geospace Technologies (GEOS) Misses Q3 EPS by 32c

Geospace Technologies Reports Fiscal Year 2016 Third Quarter Results

August 4, 2016 4:29 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $11.7 million, or $0.89 per diluted share, on revenue of $17.7 million for its fiscal quarter ended June 30, 2016. This compares with a net loss of $8.6 million, or $0.66 per diluted share, on revenue of $19.8 million for the same period of the prior year.

For the nine months ended June 30, 2016, the company recorded revenue of $45.7 million and a net loss of $33.7 million, or $2.58 per diluted share. For the comparable period last year, the company recorded revenue of $68.9 million and a net loss of $19.2 million, or $1.48... More