TABLE-Geokinetics posts Q2 net loss

Mon Aug 13, 2007 7:54am EDT
 
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 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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