MITCHAM INDUSTR/SH (MIND) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

MITCHAM INDUSTR/SH (NASDAQ:MIND) issued its quarterly earnings results on Wednesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.05), Fidelity Earnings reports. The business had revenue of $9.86 million during the quarter. MITCHAM INDUSTR/SH had a negative return on equity of 30.77% and a negative net margin of 46.20%.

Shares of MITCHAM INDUSTR/SH stock traded down $0.01 during trading on Thursday, hitting $3.99. The company’s stock had a trading volume of 19,646 shares, compared to its average volume of 20,156. MITCHAM INDUSTR/SH has a 52 week low of $2.50 and a 52 week high of $4.57.

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Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.

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