Mitcham Industries (MIND) Announces Quarterly Earnings Results

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

Shares of Mitcham Industries (NASDAQ:MIND) traded down $0.05 on Thursday, reaching $3.75. 6,707 shares of the company’s stock traded hands, compared to its average volume of 13,279. Mitcham Industries has a 12 month low of $2.82 and a 12 month 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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