Civeo Q3 2024 GAAP EPS $(0.36) Misses $(0.02) Estimate, Sales $176.3M Beat $168.755M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civeo reported its Q3 2024 financial results, with a GAAP EPS of $(0.36), missing the estimate by $(0.02). However, the company exceeded sales expectations with $176.3 million, beating the estimate of $168.755 million.
October 30, 2024 | 10:33 am
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Civeo's Q3 2024 earnings report showed a GAAP EPS of $(0.36), missing the estimate by $(0.02). However, the company reported sales of $176.3 million, surpassing the expected $168.755 million.
The mixed earnings report for Civeo, with an EPS miss but a sales beat, suggests a neutral short-term impact on the stock price. The sales beat may offset the negative sentiment from the EPS miss, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100