Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of ION Geophysical
So what: Revenue fell to $115.7 million from $121.6 a year ago, and well below analysts' estimates of $123.8 million. Earnings per share of $0.06 were just a penny lower than expected.
Now what: Management pointed to a slow recovery of the data-processing business as a major driver of the downfall this quarter. I just don't see anything to make me want to jump into shares of ION today, especially after seeing Transocean
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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.
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