Dawson Geophysical Reports Third Quarter 2018 Results

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Go back to Dawson Geophysical Reports Third Quarter 2018 Results

Dawson Geophysical (DWSN) Tops Q3 EPS by 2c, Revenues Beat

November 1, 2018 6:52 AM EDT

Dawson Geophysical (NASDAQ: DWSN) reported Q3 EPS of ($0.23), $0.02 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $40.45 million versus the consensus estimate of $32.13 million.

Stephen C. Jumper, President and Chief Executive Officer, said, "Despite recent challenges in market conditions, we are pleased to report that for the nine month period ending September 30, 2018, Dawson Geophysical delivered a six percent improvement in revenues, a significant reduction in net loss and an increase of over $12 million in EBITDA compared to the nine month period ended September 30, 2017. Our continued focus on improved... More