ION Geophysical (IO) Misses Q4 EPS by $1.17, Revenues Miss

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Go back to ION Geophysical (IO) Misses Q4 EPS by $1.17, Revenues Miss

ION reports fourth quarter and year end 2019 results

February 5, 2020 4:53 PM EST

HOUSTON, Feb. 5, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $42.7 million in the fourth quarter 2019 compared to fourth quarter revenues of $74.6 million one year ago.  ION's net loss for the fourth quarter 2019 was $14.5 million, or a loss of $1.02 per share, compared to a net loss of $19.3 million, or a loss of $1.38 per share in the fourth quarter 2018.  Excluding special items in both periods, the Company reported an Adjusted net loss of $5.7 million, or a loss of $0.40 per share, compared to an Adjusted net income of $15.3 million, or $1.07 per... More