CGG : Unsurprising earnings – Full-year guidance confirmed
>Q1 2018 results - CGG reported quarterly earnings broadly in line with our estimates and those of the consensus for EBITDA and better for operating income. Revenue came in at $ 337.9m ($ 350.9m est. – $ 345m for the consensus) vs $ 349.8m in Q2 2017, down 3%. EBITDA came in at $ 109.7m ($ 119m est. – $ 107m for the consensus) vs $ 120m, down 9%. Lastly, operating income before non-recurring charges came in at $ 39.7m ($ 9.1m est/ -$ 2m for the consensus) vs -$ 3.5m. ...CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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