ION Geophysical Corp. Earnings Rise 191% In Q3

(RTTNews) - ION Geophysical Corp. (IO) announced a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $4.94 million, or $0.41 per share. This was up from $1.70 million, or $0.14 per share, in last year's third quarter.

The company said revenue for the quarter fell 22.3% to $61.10 million. This was down from $78.62 million last year.

ION Geophysical Corp. earnings at a glance:

-Earnings (Q3): $4.94 Mln. vs. $1.70 Mln. last year. -Earnings Growth (Y-o-Y): 190.6% -EPS (Q3): $0.41 vs. $0.14 last year. -EPS Growth (Y-o-Y): 192.9% -Revenue (Q3): $61.10 Mln vs. $78.62 Mln last year. -Revenue Change (Y-o-Y): -22.3%