Mitcham Ind (MIND $15.50 +1.01) reported first quarter earnings of
$0.58 per share, $0.24 better than the Thomson Reuters consensus of $0.34.
Revenues rose 60.6% year/year to $26.5 million versus the $22 million consensus.
"We generated exceptional results in our equipment leasing business in the first
quarter, led by strength in Canada and Russia where we enjoyed especially high
equipment utilization during the winter season. We benefitted from improved
demand in our downhole tool business, steady growth in Latin America and
continued strong activity in our marine leasing business. We also began to see
improvement in the United States. Our Seamap segment produced outstanding
results, delivering two GunLink 4000 and two BuoyLink systems along with
additional equipment sales and ongoing repair and service work."






