Geospace Technologies Corporation (GEOS) Releases Earnings Results, Misses Expectations By $-0.15 EPS

Geospace Technologies Corporation (GEOS) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.84 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $-0.69. The company posted revenue of $14.90 million in the period, compared to analysts expectations of $21.70 million. The company’s revenue was down -46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.40 EPS.

Geospace Technologies Corporation closed down -0.28 points or -1.80% at $15.28 with 81,399 shares getting traded on Wednesday. Post opening the session at $15.64, the shares hit an intraday low of $15.2 and an intraday high of $16.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 29, 2016, Robbin B. Adams (Executive Vice President) sold 2,500 shares at $10.40 per share price. According to the SEC, on Feb 24, 2015, Tina M Langtry (director) purchased 275 shares at $18.01 per share price.

Geospace Technologies Corporation

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