GEOS Stock Declines After Q4 Earnings Amid Mixed Segment Performance

Shares of Geospace Technologies Corporation (GEOS) have lost 9.3% since the company reported its earnings for the quarter ended Sept. 30, 2024, against the S&P 500 index’s 2.6% increase during the same period. Over the past month, the stock has moved down 1.6%, again lagging the S&P 500’s gain of 7.1%.Revenue and Profitability OverviewGeospace reported fiscal 2024 revenues of $135.6 million, up 8.9% from $124.5 million in the prior year. The uptick in revenues was driven by increases in demand across all th ...