Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (16743)	3/26/1998 4:41:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

That move to day confirms NE's breakout from its trading channel. Headed UP from here............ -Lucretius

To: Broken_Clock who wrote (16743)	3/26/1998 5:18:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

3/26/98 Earnings Warning Sends Oil-Services Firm Mitcham's Stock Falling HUNTSVILLE, Texas -(Dow Jones)- Shares of Mitcham Industries Inc. weakened Thursday after the oil services company said fourth-quarter earnings won't meet analysts' estimates. Mitcham shares (MIND) tumbled $4.125, or 20%, to end at $12.625 on volume of almost 2 million shares on the Nasdaq Stock Market, compared with the daily average of 217,200. The company, which leases and sells three-dimensional seismic equipment to the oil and natural-gas industry, said unexercised purchase options and increases in allowance for accounts receivable will push fourth-quarter and fiscal year results below analysts' expectations. The mean earnings estimates of four analysts surveyed by First Call were 33 cents a share for the fourth quarter and $1 for the fiscal year. Mitcham posted earnings of $1.1 million, or 23 cents a share, on revenue of $7.3 million in the year-ago fourth quarter. Fiscal 1997 earnings totaled $2.7 million, or 60 cents a share, on revenue of $14.7 million. Mitcham said it plans to release financial results before April 30.