ION Geophysical (IO) Misses Q3 EPS

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Go back to ION Geophysical (IO) Misses Q3 EPS

ION reports third quarter 2018 results

October 31, 2018 4:17 PM EDT

HOUSTON, Oct. 31, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $47.2 million in the third quarter 2018, a 23% decrease compared to revenues of $61.1 million one year ago.  ION's net loss was $7.5 million, or $(0.54) per share, compared to a net income of $4.9 million, or $0.41 per diluted share in the third quarter 2017.  Excluding special items in the third quarter 2018, the Company reported an Adjusted net loss of $7.3 million, or $(0.52) per share.  A reconciliation of special items to the financial results can be found in the tables of this press release.

The Company... More