Recap: Civeo Q3 Earnings

Shares of Civeo CVEO moved higher by 3.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 100.00% over the past year to $0.04, which beat the estimate of ($0.05).

Revenue of $142,857,000 declined by 3.58% year over year, which beat the estimate of $115,500,000.

Outlook

The upcoming fiscal year's revenue expected to be between $515,000,000 and $520,000,000.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 11:00 AM

ET Webcast URL: https://civeo.com/

Recent Stock Performance

Company's 52-week high was at $1.54

Company's 52-week low was at $0.34

Price action over last quarter: down 23.93%

Company Overview

Civeo Corp provides long-term and temporary remote site accommodations, logistics and facility management services, especially to the natural resource industry. It also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and personnel logistics at the sites where it provides accommodation. It organizes its business under segments based on the nature of its geographical spread which includes Canada where it generates most of its from revenues, Australia and the United States.