Ion Geophysical: 2Q Earnings Snapshot
HOUSTON (AP) _ Ion Geophysical Corp. (IO) on Wednesday reported a loss of $25.9 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of $1.86. Losses, adjusted for non-recurring costs, came to $1.68 per share.
The provider of seismic data to oil and gas companies posted revenue of $24.7 million in the period.
Ion Geophysical shares have climbed 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.90, climbing sevenfold in the last 12 months.