ION Geophysical (IO) Tops Q4 EPS by 43c

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Go back to ION Geophysical (IO) Tops Q4 EPS by 43c

ION reports fourth quarter and year end 2017 results

February 7, 2018 4:32 PM EST

HOUSTON, Feb. 7, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $57.9 million in the fourth quarter 2017, a 64% increase compared to revenues of $35.4 million one year ago.  ION's net loss was $1.4 million, or $(0.12) per share, compared to a net loss of $6.5 million, or $(0.55) per share in the fourth quarter 2016.  Excluding special items in both periods, the Company reported an Adjusted net income of $4.7 million, or $0.38 per diluted share, compared to an Adjusted net loss of $11.6 million, or $(0.99) per share in the fourth quarter 2016.  A reconciliation of special... More