Mitcham Industries Reports Fiscal 2020 Second Quarter Results

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Go back to Mitcham Industries Reports Fiscal 2020 Second Quarter Results

Mitcham Industries (MIND) Misses Q2 EPS by 11c, Revenues Miss

September 4, 2019 4:31 PM EDT

Mitcham Industries (NASDAQ: MIND) reported Q2 EPS of ($0.30), $0.11 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $8.9 million versus the consensus estimate of $9.75 million.

Rob Capps, Mitcham's Co-Chief Executive Officer, stated, "Our fiscal 2020 second quarter results came in as expected. We continue to see encouraging order activity for our Marine Technology products segment and saw a 12% year-over-year increase in top-line growth this quarter. Our revenues were affected mostly by the delay of seismic source controller orders that appear to have been pushed out until later this year.... More