Civeo (CVEO) Tops Q3 EPS by 44c, offers guidance

Civeo (NYSE: CVEO) reported Q3 EPS of $0.61, $0.44 better than the analyst estimate of $0.17. Revenue for the quarter came in at $183.6 million versus the consensus estimate of $166.74 million.

Full Year 2023 Guidance

For the full year of 2023, Civeo is increasing its previously provided revenue and Adjusted EBITDA guidance ranges. The revised revenue and Adjusted EBITDA guidance ranges are $675 million to $685 million and $95 million to $100 million, respectively. The Company is maintaining its full year 2023 capital expenditure guidance of $35 million to $40 million.

For earnings history and earnings-related data on Civeo (CVEO) click here.

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