Seismic and reservoir services provider Petroleum Geo-Services (OSE: PGS) foretold second quarter financial numbers as results are what it called ”significantly better than current market expectations”. The marine geophysical company had compared its preliminary consolidated numbers into analyst estimates and says excellent performance of all units means that Revenues, EBITDA, EBIT and Pre-tax profit are all expected to be clearly better than those.
The company awaits revenues above 395 million USD, EBITDA greater than 230 million, EBIT above 75 million and Pre-tax profit of over 55 million $. Full-year EBITDA guidance was raised from approximately 700 million to over 750 million at the same time. This jumpstarted the stock and it closed up by almost 10% on heavy volume on Tuesday.
No comments:
Post a Comment