GEOS Stock Declines Despite Q1 Earnings Uptick Y/Y, Gross Margin Down
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Geospace Technologies (GEOS) reported a year-over-year increase in Q1 earnings, but the stock declined due to a revenue drop and mixed segment performance. The Smart Water segment showed strong growth, but overall gross margins were down.
February 07, 2025 | 5:00 pm
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Geospace Technologies reported an increase in Q1 earnings year-over-year, but the stock declined due to a drop in revenue and mixed performance across segments. The Smart Water segment showed strong growth, but overall gross margins decreased.
Despite an increase in earnings, the decline in revenue and mixed segment performance, along with a decrease in gross margins, likely led to the stock's decline. The strong growth in the Smart Water segment was not enough to offset these negative factors.
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