NYSE:CVEOCommercial Services
Civeo (CVEO) Stock Faces Margin Squeeze Despite Higher Revenue
Civeo slipped about 1.6% today, a mild pullback for a stock that has already eased over the past month. The mood looks more cautious than panicked, which fits a quarter that kept the recovery story intact but still in the loss column. The headline is simple: Revenue reached about US$180m and adjusted earnings before interest, tax, depreciation and amortization came in near US$23.8m, yet Civeo again reported a net loss of roughly US$2.5m.
For investors, the real question now is whether this...