Dawson Geophysical Reports First Quarter 2019 Results

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Go back to Dawson Geophysical Reports First Quarter 2019 Results

Dawson Geophysical (DWSN) Tops Q1 EPS by 24c, Revenues Beat

May 1, 2019 6:23 AM EDT

Dawson Geophysical (NASDAQ: DWSN) reported Q1 EPS of ($0.01), $0.24 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $51.16 million versus the consensus estimate of $38.05 million.

Stephen C. Jumper, President and Chief Executive Officer, said, "First quarter results were primarily a result of increased utilization of active recording channels in the U.S. and a better than anticipated late winter season in Canada. While the overall crew count in the U.S. was down from recent quarters, channel utilization peaked with a project in West Texas that included a peak of... More