HOUSTON (AP) — HOUSTON (AP) — Civeo Corp. (CVEO) on Tuesday reported a loss of $6.5 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of 56 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The provider of remote-site workforce housing posted revenue of $161.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $170.6 million.
For the year, the company reported a loss of $20.1 million, or $1.59 per share. Revenue was reported as $638.8 million.
Civeo expects full-year revenue in the range of $650 million to $700 million.
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