HOUSTON (AP) — HOUSTON (AP) — Civeo Corp. (CVEO) on Friday reported a loss of $3.8 million in its first quarter.
The Houston-based company said it had a loss of 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The provider of remote-site workforce housing posted revenue of $172.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $154.7 million.
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