ION Geophysical (IO) Tops Q4 EPS by 21c

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Go back to ION Geophysical (IO) Tops Q4 EPS by 21c

ION reports fourth quarter and year end 2018 results

February 6, 2019 4:30 PM EST

HOUSTON, Feb. 6, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $74.6 million in the fourth quarter 2018, a 29% increase compared to revenues of $57.9 million one year ago.  ION's net loss was $19.3 million, or $(1.38) per share, compared to a net loss of $1.4 million, or $(0.12) per share in the fourth quarter 2017.  Excluding special items in both periods, the Company reported Adjusted net income of $15.3 million, or $1.07 per diluted share, compared to Adjusted net income of $4.7 million, or $0.38 per diluted share in the fourth quarter 2017.  A majority of the special items for this... More