Mitcham Industries (MIND) Misses Q3 EPS by 19c

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Go back to Mitcham Industries (MIND) Misses Q3 EPS by 19c

Mitcham Industries Reports Fiscal 2017 Third Quarter Results

December 7, 2016 4:30 PM EST

HUNTSVILLE, Texas, Dec. 7, 2016 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("the Company") today announced financial results for its fiscal 2017 third quarter ended October 31, 2016.

Total revenues for the third quarter of fiscal 2017 were $8.1 million compared to $15.7 million in the third quarter of fiscal 2016.  Revenues from the Equipment Manufacturing and Sales segment decreased to $5.3 million in the third quarter compared to $10.1 million in the same period last year mainly due to temporary delays in certain product shipments.  Revenues from the Equipment Leasing segment were $2.8 million in the third quarter compared... More