Civeo: 4Q Earnings Snapshot
HOUSTON (AP) _ Civeo Corp. (CVEO) on Thursday reported a loss of $31.6 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of 19 cents. Losses, adjusted for asset impairment costs and non-recurring costs, were 9 cents per share.
The provider of remote-site workforce housing posted revenue of $148.7 million in the period.
For the year, the company reported that its loss narrowed to $58.5 million, or 36 cents per share. Revenue was reported as $527.6 million.
For the current quarter ending in April, Civeo said it expects revenue in the range of $139.5 million to $143.5 million.
The company expects full-year revenue in the range of $560 million to $576 million.
The company’s shares closed at $1.31. A year ago, they were trading at $2.68.