Dawson Geophysical Reports Fourth Quarter And Full Year 2018 Results
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Dawson Geophysical (DWSN) Misses Q4 EPS by 31c, Revenues Miss
February 28, 2019 6:17 AM ESTDawson Geophysical (NASDAQ: DWSN) reported Q4 EPS of ($0.51), $0.31 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $27.6 million versus the consensus estimate of $44.2 million.
Stephen C. Jumper, President and Chief Executive Officer, said, "The fourth quarter of 2018 was a difficult quarter for Dawson Geophysical and the entire oil and gas services sector. Crude oil (WTI) began the fourth quarter at $74.68, only to close down approximately 39% to $45.72 on December 31, 2018. The PHLX Oil Service Index (OSX) experienced an even more challenging fourth quarter as it began trading October 1, 2018 at $151.40, only to drop approximately... More
