Civeo (CVEO) Tops Q1 EPS by 30c

Civeo (NYSE: CVEO) reported Q1 EPS of $0.06, $0.30 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $165.7 million versus the consensus estimate of $142.24 million.

For the full year of 2022, Civeo is raising its previously provided revenue and Adjusted EBITDA guidance range to $660 million to $675 million and $95 million to $102 million, respectively. The Company is maintaining its full year 2022 capital expenditure guidance of $20 million to $25 million.

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

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