Geospace Technologies Corporation (GEOS) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Geospace Technologies Corporation (GEOS) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.89 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $-0.66. The company posted revenue of $17.70 million in the period, compared to analysts expectations of $15.10 million. The company’s revenue was down -10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.66 EPS.

Geospace Technologies Corporation closed down -0.18 points or -1.15% at $15.51 with 79,182 shares getting traded on Tusday. Post opening the session at $15.83, the shares hit an intraday low of $15 and an intraday high of $16.19 and the price fluctuated in this range throughout the day.Shares ended Tusday 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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