Brief: Geospace Technologies Q1 loss per share $0.41

Geospace Technologies

05/02/2015 01:01

Feb 4 (Reuters) - Geospace Technologies Corp  GEOS.O : 
 * Reports fiscal year 2015 first quarter results 
 * Q1 loss per share $0.41 
 * Q1 revenue $21.2 million versus I/B/E/S view $26.3 million 
 * Q1 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S 
 * Anticipate that our operations will remain challenged so long as the seismic 
   market remains soft" 
 * Says now expects fiscal year 2015 capital expenditures for the pinemont 
   facility to range between $1 to $5 million 
 * Says "first quarter was negatively impacted by continued lower demand for our 
   seismic products" 
 * Adjusting 2015 expected capital expenditures for other property and equipment 
   from $10 million to about $5 to $7 million 
 * Sees additional $6.5 million of wage reductions in FY 2015 through the 
   elimination of incentive compensation payments 
 * Source text for Eikon  ID:nBw1yXXDSa  
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