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Stock impact report

Civeo Provides Business Update

Civeo Corporation (Canada) Common Shares (CVEO) 
Last civeo corporation (canada) common shares earnings: 10/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.civeo.com
Company Research Source: Business Wire
Withdraws 2020 Guidance; Announces Cost Cutting Measures HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today announced that, due to uncertainty associated with the COVID-19 pandemic and the recent decline in oil prices, the Company is withdrawing its previously announced 2020 guidance.“We are dedicated to protecting the health and well-being of our employees and guests, as well as managing our business through what continues to be a rapidly evolving market environment. We are concentrating on the factors within our control as we navigate the challenges ahead, including implementing cost containment initiatives. We will share a more comprehensive update on the business as part of our first quarter earnings release,” said Bradley J. Dodson, Civeo's President and Chief Executive Officer.Due to lower oil prices and the economic disruption caused by COVID-19, Civeo expects its profitability in 2020 to be negatively impacted and has implemented initial cost containment initiati Show less Read more
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