ION Geophysical (IO) Tops Q3 EPS by 11c
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ION Announces Stock Repurchase Program
November 4, 2015 4:46 PM ESTHOUSTON, Nov. 4, 2015 /PRNewswire/ -- ION Geophysical Corporation (the "Company") (NYSE: IO) today announced that its board of directors has authorized the Company to repurchase, from time to time from November 10, 2015 through November 10, 2017, up to $25 million in shares of its outstanding common stock. The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion. The actual timing, number and value... More
ION reports third quarter 2015 results
November 4, 2015 4:45 PM ESTHOUSTON, Nov. 4, 2015 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported third quarter 2015 net loss of $20.4 million, or $(0.12) per share. The third quarter results were impacted by special items totaling $3.5 million, or $(0.02) per share, primarily related to severance charges. Excluding special items, the Company's third quarter adjusted net loss was $16.9 million, or $(0.10) per share, on revenues of $66.7 million, compared to a net loss of $24.5 million, or $(0.15) per share, on revenues of $106.5 million in third quarter 2014. A reconciliation of special items to 2015 and 2014 can be found in the financial tables of this press... More
