Geospace Technologies Q3 EPS $(0.16) Down From $0.24 YoY, Sales $25.86M Down From $32.72M YoY
Portfolio Pulse from totan@benzinga.com
Geospace Technologies (NASDAQ:GEOS) reported a significant decline in its Q3 earnings and sales. The company posted a loss of $(0.16) per share, a 166.67% decrease from $0.24 per share in the same period last year. Sales also fell by 20.96% to $25.86 million from $32.72 million year-over-year.
August 08, 2024 | 9:20 pm
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Geospace Technologies reported a significant decline in Q3 earnings and sales, with EPS dropping to $(0.16) from $0.24 YoY and sales falling by 20.96% to $25.86 million.
The significant decline in both earnings per share and sales indicates a poor financial performance for Geospace Technologies in Q3. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100