Benzinga | Nov 4, 2020 05:39PM EST

ION Geophysical Q3 EPS $(1.16) Misses $(0.56) Estimate, Sales $16.23M Miss $26.44M Estimate

ION Geophysical (NYSE:IO) reported quarterly losses of $(1.16) per share which missed the analyst consensus estimate of $(0.56) by 107.14 percent. This is a 452.38 percent decrease over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $16.23 million which missed the analyst consensus estimate of $26.44 million by 38.60 percent. This is a 69.51 percent decrease over sales of $53.24 million the same period last year.