Civeo (CVEO) Posts $5.2 Million Q3 Net Income, Beats Analyst Estimates

Civeo Corp. (CVEO) reported third-quarter net income of $5.2 million, or 50 cents per share, on Thursday, surpassing Wall Street expectations of a 27-cent loss per share, according to a Zacks survey of six analysts. The Houston-based provider of remote-site workforce housing posted revenue of $193.1 million, also exceeding forecasts of $174.1 million. Civeo expects full-year revenue in the range of $710 million to $720 million.