HOUSTON (AP) — HOUSTON (AP) — Civeo Corp. (CVEO) on Friday reported a loss of $5.1 million in its first quarter.
The Houston-based company said it had a loss of 35 cents per share. Losses, adjusted for one-time gains and costs, came to 26 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The provider of remote-site workforce housing posted revenue of $166.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $154.7 million.
Civeo expects full-year revenue in the range of $625 million to $700 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVEO at https://www.zacks.com/ap/CVEO
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
