Mitcham Industries (MIND) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS
Mitcham Industries (NASDAQ:MIND) posted its quarterly earnings results on Wednesday. The company reported ($0.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.23, American Banking News.com reports. The company had revenue of $19.50 million for the quarter, compared to the consensus estimate of $22.70 million.
Shares of Mitcham Industries (NASDAQ:MIND) traded down 3.64% on Wednesday, hitting $12.99. The stock had a trading volume of 46,449 shares. Mitcham Industries has a 52-week low of $12.65 and a 52-week high of $17.82. The stock’s 50-day moving average is $13.29 and its 200-day moving average is $13.79. The company has a market cap of $165.6 million and a P/E ratio of 80.72.
Mitcham Industries, Inc (NASDAQ:MIND) leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones (marsh and shallow water areas) and deep water marine areas.