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TGS Nopec Geophysical updates on Q2 revenue

2018-07-10 00:03    Investing

TGS Nopec Geophysical updates on Q2 revenue Stock News

© Reuters. TGS Nopec Geophysical updates on Q2 revenue
  • TGS Nopec Geophysical (OTCPK:TGSGY +6%) expects net revenues for the Q218 to be ~$158M (+47% Y/Y).
  • Kristian Johansen, CEO, TGS: "Our strong Q2 revenue performance, driven by late sales from our data library, is further evidence of improvement in the global market for seismic data. Customer activity is significantly higher than one year ago, although E&P companies are still being selective and disciplined with respect to new data purchases. As such, the market is expected to remain volatile in the near-term".
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