Key Developments For Mitcham Industries, Inc.
Mitcham Industries, Inc. (MIND.O) (Nasdaq)
Mitcham Industries, Inc. Lowers FY 2009 Guidance
Mitcham Industries, Inc. announced that it has lowered fiscal 2009 guidance and now expects revenues to range between $67 million and $70 million, operating income to range between $13.3 million and $15.5 million, and earnings per share to range between $0.96 and $1.10 per diluted share. According to Reuters Estimates, analysts are expecting the Company to report revenue of $78 million and EPS of $1.28 for fiscal 2009.
Mitcham Industries, Inc. Announces New $25 Million Credit Facility
Mitcham Industries, Inc. announced that it has entered into a new $25 million revolving credit facility with First Victoria National Bank. The new facility has a two year term, maturing September 24, 2010, and is secured with the Company's domestic assets. The agreement also provides the Company with the option, at any time up until the maturity of the revolving facility, to convert any portion, or all, of outstanding amounts into 48 month amortizing notes.
Mitcham Industries, Inc. Reaffirms FY 2009 Guidance
Mitcham Industries, Inc. reaffirmed its prior guidance for fiscal 2009 and continue to expect revenues to range between $78 million and $82 million, operating income (EBIT) to range between $18 million and $22 million, and earnings per share (EPS) to range between $1.35 and $1.40 per diluted share. According to Reuters estimate analysts' are expecting the Company to report revenue of $78 million, EBIT of $21 million; and EPS of $1.37 for the same period.
Mitcham Industries, Inc. Reaffirms FY 2009 Outlook-Conference Call
Mitcham Industries, Inc. reaffirmed its fiscal 2009, revenue to be in the range of $78-$82 million, operating income(EBIT) in the range of $18-$22 million and earnings per share(EPS) to be in the range of $1.35-$1.40 per diluted share. According to Reuters estimate analysts' are expecting the Company to report revenue of $78.1 million, EBIT of $21.1 million; and EPS of $1.37 for the same period.
Mitcham Industries, Inc. Issues FY 2009 Guidance; EPS Guidance Above Analysts' Estimates
Mitcham Industries, Inc. announced that it expects fiscal 2009 revenue to range between $78 and $82 million, operating income to range between $18 and $22 million, and earnings per share to range between $1.35 and $1.40 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $78 million, EBIT of $21 million and EPS of $1.34 for the same period.
