Civeo Corporation Reports Q3 Earnings Beat with $0.50 GAAP EPS and $193.1M Revenue
Civeo Corporation (NYSE: CVEO) reported third-quarter financial results that significantly exceeded market expectations. The company posted a GAAP earnings per share (EPS) of $0.50, surpassing estimates by $0.83, and generated revenue of $193.1 million, which represents a 13.3% increase year-over-year. The revenue figure also outperformed analyst projections by approximately $19.05 million. Management attributed the strong performance to robust lodging demand, which continues to be supported by prevailing resource prices in their operating sectors.
Tickers: $CVEO
Topics: earnings beat GAAP EPS revenue growth