Investors Ride 5 Earnings Rollercoaster Rides Including ION Geophysical
ION Geophysical Corporation (NYSE:IO) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.08 in the year-earlier quarter. Revenue Rose 14.93% to $120.92 million from the year-earlier quarter.
ION Geophysical Corporation reported adjusted EPS loss of $0 per share. By that measure, the company missed the mean analyst estimate of $0.07. It missed the average revenue estimate of $127.48 million.