Mitcham Industries Inc: Rises on upbeat Q3 results

Mind Technology

05/12/2019 17:47

** Shares of marine equipment provider  MIND.O  up ~10%
at$8.05; stock set for best day in over three months
    ** MIND posts smaller-than-expected Q3 profit, revenue also
exceeds expectations  urn:newsml:reuters.com:*:nPn78tg4Ka
    ** Quarter helped by strong orders; At qtr-end co's marine
technology products segment had a order backlog of $12.5 mln 
    ** Company expects to produce positive adj. EBITDA and
operating income for Q4
    ** Stock has fallen ~10% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))