OYO Geospace Shares Plunged: What You Need to Know
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What: Shares of OYO Geospace (NAS: OYOG) fell 10% today after the company released earnings.
So what: For the fiscal fourth quarter, OYO Geospace reported $32.8 million in revenue and $3.6 million in net income, or $0.56 per share. Analysts' expectations were much higher, however, expecting $41.9 million in revenue and $1.25 in earnings per share.
Now what: An earnings miss is never great for a stock, but this miss was by such a wide margin I'm surprised the stock hasn't fallen further. For the full fiscal year, revenue did grow by 35% and net income was up 111% so it isn't like the company is floundering in the current environment. Management pointed to normal variability in earnings for the weak quarter and said that backlog remained healthy.
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At the time this article was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.Motley Fool newsletter services have recommended buying shares of OYO Geospace. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.