Global Geophysical Services, Inc.
Global Geophysical Reports Adjusted EPS of $0.05
HOUSTON, April 24, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. (NYSE:GGS) today reported first quarter adjusted earnings of $0.05 per share (excluding a $13.0 million pre-tax non-cash library impairment charge and $3.0 million in non-recurring pre-tax adjustments for severance related charges and bad debt provisions). Revenues for the first quarter were $83.4 million, up from $55.3 million during the fourth quarter of 2012. During the first quarter, the company had a loss of $0.31 per share.