Brief: Dawson Geophysical reports Q4 loss of $0.23 per share

Dawson Geophysical

11/03/2016 11:17

March 11 (Reuters) - Dawson Geophysical Co  DWSN.O : 
 * Quarterly revenue $55.1 million versus $50.8 million 
 * Q4 loss per share $0.23 
 * Says reduced head count an additional 25% since the beginning of 2016 
 * Says upper management have taken salary reductions of 5 to 25 percent for 
   2016 
 * Says "short term incentive plans are suspended and we continue to explore 
   other appropriate cost reduction options" 
 * Says anticipates a capital budget of less than $10 million for 2016 
 * Says anticipate operating four to six crews in the United States into the 
   second quarter of 2016 - SEC filing 
 
 * Source text for Eikon  ID:nEOL5LHRFy  
 
 * Further company coverage  DWSN.O  
 
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