Brief: Civeo Reports Q3 Revenue $148.2 Million

Civeo

25/10/2019 11:33

Oct 25 (Reuters) - Civeo Corp  CVEO.N :
    * CIVEO REPORTS THIRD QUARTER 2019 RESULTS
    * Q3 EARNINGS PER SHARE $0.02
    * Q3 REVENUE $148.2 MILLION
    * FOR Q4 OF 2019, CIVEO EXPECTS ADJUSTED EBITDA OF $19.5
MILLION
TO $23.5 MILLION
    * INCREASING FY 2019 ADJUSTED EBITDA GUIDANCE TO A RANGE OF
$98.0
MILLION TO $102.0 MILLION
    * SAYS COMPANY IS LOWERING ITS FULL YEAR 2019 CAPITAL
EXPENDITURE
GUIDANCE TO A RANGE OF $33 MILLION TO $37 MILLION
    * CIVEO- ANNOUNCED CONTRACT EXTENSIONS FROM TWO MAJOR
CUSTOMERS IN
AUSTRALIA WITH EXPECTED CONTRACTED REVENUES OF ABOUT A$37
MILLION

Source text for Eikon:  ID:nBw9cLV5ra 
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