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 reported a significant decrease in both earnings per share and sales for Q2, with EPS dropping to $(0.32) from $0.35 YoY and sales falling to $24.27M from $31.37M YoY.

May 09, 2024 | 10:05 pm
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NEGATIVE IMPACT
Geospace Technologies reported a significant Q2 decline with EPS falling to $(0.32) from $0.35 YoY and sales decreasing to $24.27M from $31.37M YoY.
The reported decrease in both earnings per share and sales for Geospace Technologies is a clear negative signal for investors, indicating a significant downturn in the company's financial performance. This is likely to lead to a negative short-term impact on the stock price, as investors react to the weaker-than-expected earnings report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100