AP NEWS

Civeo: 4Q Earnings Snapshot

February 27, 2020 GMT

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.

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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