Civeo Q3 EPS $0.61 Up From $0.32 YoY, Sales $183.57M Beat $166.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civeo (NYSE:CVEO) reported Q3 earnings of $0.61 per share, a 90.62% increase YoY. The company's quarterly sales were $183.57 million, beating the analyst consensus estimate of $166.74 million by 10.10%, but marking a 0.36% decrease from the same period last year.
October 27, 2023 | 10:33 am
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POSITIVE IMPACT
Civeo's Q3 earnings beat estimates with a significant YoY increase, but sales slightly decreased compared to the same period last year.
Civeo's earnings beat estimates and showed a significant YoY increase, which is a positive signal for investors. However, a slight decrease in sales compared to the same period last year might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100