HOUSTON (AP) _ Ion Geophysical Corp. (IO) on Wednesday reported a loss of $2.3 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 16 cents. Earnings, adjusted for non-recurring costs, came to 33 cents per share.
The provider of seismic data to oil and gas companies posted revenue of $56.4 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $1.67. A year ago, they were trading at $11.46.