Benzinga | May 5, 2021 05:01PM EDT

ION Geophysical Q1 Adj. EPS $(0.95) Misses $(0.67) Estimate, Sales $14.00M Miss $21.51M Estimate

ION Geophysical (NYSE:IO) reported quarterly losses of $(0.95) per share which missed the analyst consensus estimate of $(0.67) by 41.79 percent. This is a 387.88 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $14.00 million which missed the analyst consensus estimate of $21.51 million by 34.91 percent. This is a 75.18 percent decrease over sales of $56.41 million the same period last year.