Mitcham Industries (MIND) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Mitcham Industries (NASDAQ:MIND) issued its earnings results on Wednesday. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.15), Yahoo Finance reports. Mitcham Industries had a negative return on equity of 34.20% and a negative net margin of 50.55%. The company had revenue of $8.64 million during the quarter.

Shares of Mitcham Industries (NASDAQ:MIND) traded down $0.05 during midday trading on Thursday, hitting $3.75. The stock had a trading volume of 6,707 shares, compared to its average volume of 13,279. Mitcham Industries has a 52 week low of $2.82 and a 52 week high of $3.97.

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Mitcham Industries Company Profile

Mitcham Industries, Inc is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world.

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