• Sun. Jun 23rd, 2024

Mind Technology Inc announces quarterly earnings for April period

BySamantha Nguyen

Jun 11, 2024
Mind Technology Inc announces quarterly earnings for April period

Mind Technology Inc, MIND, recently reported their quarterly breakeven results per share for the quarter ending in April. This was an improvement from the same quarter last year, when the company reported earnings per share of -90 cents. The lone analyst forecast for the quarter had predicted earnings of 30 cents per share, which the company did not meet. Revenue also fell by 23.1% to $9.68 million, lower than the expected $12.05 million.

Despite a challenging quarter, Mind Technology Inc was still able to report breakeven results for the quarter, with a net income of $7 thousand. The company’s shares had experienced a 13.9% increase this quarter, although they had still lost 21.2% for the year so far.

Moving forward, the average analyst rating on the company’s shares is currently “hold,” with no “strong buy” or “buy” recommendations, 1 “hold,” and no “sell” or “strong sell” recommendations. The average consensus recommendation for the oil-related services and equipment peer group is also “hold.”

This summary was generated from LSEG data on June 11 at 12:06 a.m. UTC. All figures are in US dollars unless otherwise stated. For any questions regarding the data in this report, contact Estimates.Support@lseg.com. For any other inquiries or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

In terms of previous quarterly results, Mind Technology Inc missed analyst estimates for the quarters ending in April 2024, January 2024, October 2023, and July 2023.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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