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Ion Geophysical: 2Q Earnings Snapshot

August 1, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IO at https://www.zacks.com/ap/IO

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