On Friday, Following U.S. Stocks were among the “Top Losers”: Civeo Corporation (NYSE:CVEO), Lumber Liquidators Holdings, Inc. (NYSE:LL), Aoxing Pharmaceutical Company, Inc. (NYSEMKT:AXN), Basic Energy Services, Inc. (NYSE:BAS)

Civeo Corp (NYSE:CVEO), with shares declined -17.05%, closed at $2.92.

Lumber Liquidators Holdings Inc (NYSE:LL), with shares dropped -15.33%, settled at $30.55.

Aoxing Pharmaceutical Company, Inc (NYSEMKT:AXN), with shares dipped -13.99%, and closed at $1.66.

Basic Energy Services, Inc (NYSE:BAS), plummeted -13.34%, and closed at $5.91.

Latest NEWS regarding these Stocks are depicted underneath:

Civeo Corporation (NYSE:CVEO)

Civeo Corporation (CVEO), stated financial results for the fourth quarter and full year ended December 31, 2014.

FOURTH QUARTER 2014 RESULTS:

In the fourth quarter of 2014, the Corporation generated proceeds of $219.7 million and Adjusted EBITDA of $77.7 million. Net loss for the quarter was $271.6 million, or $2.54 per diluted share, which comprises $282.3 million in pre-tax charges, or $2.73 per diluted share after-tax, related to goodwill, fixed asset and intangible assets impairments, transition and migration costs and deferred revenue taxes. Not including these charges, the Corporation generated $18.0 million of adjusted net revenue, or $0.19 per diluted share.

(EBITDA is defined as net revenue plus interest, taxes, depreciation and amortization and Adjusted EBITDA is defined as EBITDA adjusted to exclude impairment charges and certain other costs such as those incurred associated with the spin-off and the migration).

In the fourth quarter of 2013, the Corporation generated proceeds of $258.5 million. Net revenue in the year ago period was $45.5 million, or $0.43 per diluted share. Adjusted EBITDA in the fourth quarter of 2013 was $105.9 million.

Proceeds and Adjusted EBITDA declined in 2014 as contrast to 2013 primarily due to lower occupancy levels in both the Australian villages and Canadian lodges and lower average daily rates at the Canadian lodges. In addition, fourth quarter 2014 results were influenced by the unfavorable influence of a stronger U.S. dollar contrast to the Canadian dollar and the Australian dollar, both of which declined in relative value by 8% on a year-over-year basis.

The charges taken in the fourth quarter of 2014 were:

• A $278.9 million pre-tax charge, or $2.37 per diluted share after-tax loss, from goodwill, fixed asset and intangible asset impairments;
• a $34.9 million after-tax loss ($0.33 per diluted share after-tax loss) from the establishment of a deferred tax liability related to a portion of the Corporation’s undistributed foreign earnings which Civeo no longer anticipates to indefinitely reinvest and a valuation allowance against certain deferred tax assets; and
• a $3.5 million pre-tax expense, or $0.03 per diluted share after-tax loss, from transition costs incurred in connection with the spin-off from Oil States and the projected migration to Canada.

Civeo Corporation is a leading provider of workforce accommodations with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for housing hundreds or thousands of workers with its long-term and temporary accommodations and provides catering, facility administration, water systems and logistics services.

Lumber Liquidators Holdings, Inc. (NYSE:LL)

On March 9, Lumber Liquidators Holdings, Inc. (LL), the largest specialty retailer of hardwood flooring in North America, has successfully implemented its expanded showroom concept as the Corporation continues growing its nationwide footprint.

The Corporation presently has more than 350 stores within 46 states and Canada after opening 34 new stores and remodeling 17 existing stores in 2014. Presently, nearly a third of the store locations have implemented the expanded showroom and that number will continue to rise throughout the next several years.

All new and remodeled Lumber Liquidators stores are now designed around an improved customer shopping experience. Expanded showrooms and improved warehouse design allow stores to offer a larger assortment of flooring options, moldings, accessories and tools. A variety of floors are also installed so customers can walk on different styles and species of wood.

For ease of flooring comparison and selection, products are grouped by category and displayed within color palettes and cost. Shoppers can also take home free flooring samples and consult with Lumber Liquidators flooring experts at every turn.

Robert M. Lynch, President and Chief Executive Officer, commented, “Customers are telling us that the new store concept is making floor shopping easier. Combining this with our high-quality flooring and legendary low prices creates consumer demand that continues fueling our expansion plans.”

Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Corporation features more than 400 top quality flooring varieties, counting solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl.

Aoxing Pharmaceutical Company, Inc. (NYSEMKT:AXN)

Aoxing Pharmaceutical Corporation, Inc. (AXN), a specialty pharmaceutical corporation focusing on research, development, manufacturing, and distribution of narcotic, pain-administration, and addiction treatment pharmaceuticals, declared that it has reached contracts to sell 1,029,412 shares of its ordinary stock. The sales are being made for the primary purpose of increasing the shareholders equity of the Corporation, and bringing it into compliance with the continued listing requirements of NYSE MKT. The sales will be accomplished after the NYSE MKT approves the listing of the additional shares.

508,000 shares will be sold to officers and employees of Aoxing Pharma at a price of $1.36 per share, which was the market price when the sales contracts were made on March 11, 2015. Comprised of among the purchasers will be Wilfred Chow, CFO (100,000 shares) and Guoan Zhang, VP-Finance (20,000 shares). The proceeds for Aoxing Pharma total $690,880, which will be utilized for working capital purposes. The additional 521,412 shares will be issued to a creditor in satisfaction of $709,120 debt.

Aoxing Pharmaceutical Corporation, Inc. is a US incorporated specialty pharmaceutical corporation with its operations in China, specializing in research, development, manufacturing and distribution of a variety of narcotics and pain-administration products.

Basic Energy Services, Inc. (NYSE:BAS)

Basic Energy Services, Inc. (BAS), stated selected operating data for the month of February 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 50,500 producing a rig utilization rate of 55%, contrast to 56% and 71% in January 2015 and February 2014, respectively.

During the month, Basic’s fluid service truck count reduced by five to 1,049. Fluid service truck hours for the month were 184,100 contrast to 208,100 and 189,000 in January 2015 and February 2014, respectively.

Drilling rig days for the month were 213 producing a rig utilization of 63%, contrast to 74% and 78% in January 2015 and February 2014, respectively.

Roe Patterson, Basic’s President and Chief Executive Officer, stated, “February operating activity was affected by severe weather conditions in the last week of the month, particularly in our Permian Basin and Mid-Continent operating areas. Weather influence in February reduced well servicing utilization by about 600 basis points and fluid service hours by five percent. Icy conditions also prevented several of our stimulation crews from reaching job locations, resulting in the loss of about one day of activity. Furthermore, the decline in contract drilling utilization reflects our customers’ reduction in drilling plans.

Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within its operating area. The corporation employs more than 5,100 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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