Mitcham Industries Inc MIND on Tuesday after the market closed released financial results that beat Wall Street expectations.
Mitcham Industries Inc reported that it swung to a fiscal 1st quarter net income of $2.4 million, or 24 cents per share, from a net loss of $80,000, or 1 cent per share, a year earlier.
Excluding special items, the company earned 11 cents per share.
Revenue surged 56% to $16.5 million, up from $10.6 million a year earlier.
A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 9 cents per share.
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