TABLE-Geokinetics posts Q2 net loss
Aug 13 (Reuters) -
GEOKINETICS INC. (GOK.A)
(In $) Latest Yr-ago qtr
EPS (diluted) -1.95 0.27
Net (million) -14.2 1.6
Net loss to common
stockholders (million) -15.5 1.6 Revenue (million) 71.6 34.4 Reuters Estimates: Loss/shr $1.29 (one analyst)
--The company said the increase in revenue was primarily due to the acquisition of Grant Geophysical Inc. in September 2006 and investments to increase equipment capacity.
--The company said its latest-quarter results included $6.9 million of charges related to redemption of notes. The results were also impact by severe weather conditions and an international job which was terminated after being declared force majeure by a customer. (Reporting by Supantha Mukherjee in Bangalore)
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