Dawson Geophysical Reports Second Quarter 2019 Results

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Go back to Dawson Geophysical Reports Second Quarter 2019 Results

Dawson Geophysical (DWSN) Misses Q2 EPS by 8c, Revenues Miss

August 1, 2019 6:14 AM EDT

Dawson Geophysical (NASDAQ: DWSN) reported Q2 EPS of ($0.49), $0.08 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $24.08 million versus the consensus estimate of $24.91 million.

Stephen C. Jumper, President and Chief Executive Officer, said, "As anticipated in our first quarter press release and conference call, overall crew utilization was lower during the second quarter. We began the quarter with three crews operating and two microseismic projects and ended the quarter with two crews active and three microseismic projects. Channel utilization was markedly lower in the second quarter compared to the... More