Mitcham Industries Reports Fiscal 2021 First Quarter Results

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Go back to Mitcham Industries Reports Fiscal 2021 First Quarter Results

Mitcham Industries (MIND) Misses Q1 EPS by 31c, Revenues Miss

June 10, 2020 4:23 PM EDT

Mitcham Industries (NASDAQ: MIND) reported Q1 EPS of ($0.59), $0.31 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $7.38 million versus the consensus estimate of $8.25 million.

Rob Capps, Mitcham's Co-Chief Executive Officer, stated, "The unprecedented disruptions caused by the COVID-19 pandemic have had a negative impact on our operations and near-term order flow, as reflected by the lower sales in our Marine Technology Products segment. It is difficult to predict the future impact of the global pandemic and economic downturn on our business. However, we are hopeful that it will be... More