USA: ION Reports Results for Third Quarter 2011
ION Geophysical Corporation reported third quarter 2011 revenues of $115.7 million, compared to revenues of $121.6 million in the third quarter of 2010. Net income in the third quarter of 2011 was $8.7 million, or $0.06 per diluted share, compared to $11.9 million, or $0.08 per diluted share, in the third quarter of 2010.
ION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION’s offerings are designed to allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and to enable seismic contractors to acquire geophysical data safely and efficiently.
Posted on November 3, 2011, in Q3-11 and tagged business, Earth Sciences, Geophysics, ION Geophysical, New York Stock Exchange, NYSE, Q's (quarterly report), Revenue, Schlumberger. Bookmark the permalink. Comments Off on USA: ION Reports Results for Third Quarter 2011.