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Ion Geophysical: 4Q Earnings Snapshot

HOUSTON (AP) _ Ion Geophysical Corp. (IO) on Wednesday reported a loss of $14.5 million in its fourth quarter.

The Houston-based company said it had a loss of $1.02 per share. Losses, adjusted for non-recurring costs, were 40 cents per share.

The provider of seismic data to oil and gas companies posted revenue of $42.7 million in the period.

For the year, the company reported that its loss narrowed to $48.2 million, or $3.41 per share. Revenue was reported as $174.7 million.

Ion Geophysical shares have dropped 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.93, a decline of 38% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IO at https://www.zacks.com/ap/IO