ION Geophysical: Q2 Earnings Insights


Shares of ION Geophysical IO decreased 8.3% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 49.41% over the past year to ($0.43), which beat the estimate of ($0.73).

Revenue of $19,714,000 decreased by 13.27% year over year, which missed the estimate of $21,400,000.


ION Geophysical hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $5.35

52-week low: $1.28

Price action over last quarter: down 36.97%

Company Overview

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

Market News and Data brought to you by Benzinga APIs
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!