Geospace Technologies Reports Fourth Quarter and Fiscal Year 2018 Results

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Geospace Technologies (GEOS) Reports Q4 Loss of $0.02, Revenues Beat

November 15, 2018 4:34 PM EST

Geospace Technologies (NASDAQ: GEOS) reported Q4 EPS of ($0.02), versus $0.00 reported last year. Revenue for the quarter came in at $20.6 million versus the consensus estimate of $14.2 million.

Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies said, In the fourth quarter of fiscal year 2018, we reported total revenue of $20.6 million, representing a decrease of 13% from last years fourth quarter. As a consideration for this reduction in revenue, last years fourth quarter... More