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Civeo: Q1 Earnings Insights

Shares of Civeo (NYSE:CVEO) fell 0.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 90.91% over the past year to ($0.01), which beat the estimate of ($0.07). Revenue of $138,792,000 rose by 27.86% year o

Benzinga · 05/07/2020 11:13

Shares of Civeo (NYSE:CVEO) fell 0.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 90.91% over the past year to ($0.01), which beat the estimate of ($0.07).

Revenue of $138,792,000 rose by 27.86% year over year, which beat the estimate of $135,600,000.

Guidance

Civeo hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: May 07, 2020

Time: 11:04 PM ET

Webcast URL: http://ir.civeo.com/events-presentations

Technicals

52-week high: $2.05

Company's 52-week low was at $0.34

Price action over last quarter: down 57.98%

Company Description

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.