Geospace Technologies Q2 EPS $0.32 Down From $0.35 YoY, Sales $24.27M Down From $31.37M YoY
Portfolio Pulse from Benzinga Newsdesk
Geospace Technologies (NASDAQ:GEOS) reported a decrease in Q2 earnings to $0.32 per share from $0.35 YoY, with sales falling to $24.27M from $31.37M YoY, indicating a decline in both earnings and revenue.
May 09, 2024 | 10:04 pm
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Geospace Technologies reported a decrease in Q2 earnings per share to $0.32 from $0.35 and a decline in sales to $24.27M from $31.37M year-over-year.
The reported decrease in both earnings per share and sales for Geospace Technologies indicates a negative performance for the quarter compared to the previous year. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100