Geospace Technologies: Fiscal 4Q Earnings Snapshot
HOUSTON (AP) _ Geospace Technologies Corp. (GEOS) on Thursday reported fiscal fourth-quarter net income of $8.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Houston-based company said it had profit of 63 cents. Losses, adjusted for non-recurring gains, came to 4 cents per share.
The maker of seismic instruments and equipment posted revenue of $28.9 million in the period.
For the year, the company reported that its loss narrowed to $146,000, or 1 cent per share. Revenue was reported as $95.8 million.
Geospace Technologies shares have risen 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.91, a decline of nearly 7% in the last 12 months.