Civeo Corporation (CVEO) reported fourth quarter net income of $23.0 million, or $1.55 per share compared to a net loss of $13.0 million, or $1.31 per share, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.07, for the quarter. Analysts' estimates typically exclude special items.
Revenues were $170.8 million compared to $162.2 million, last year. Analysts on average had estimated $151.12 million in revenue.
For 2024, Civeo expects revenues of $625.0 million to $700.0 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.