Tidewater: Q4 Earnings Snapshot
HOUSTON (AP) _ Tidewater Inc. (TDW) on Thursday reported a loss of $29.2 million in its fourth quarter.
The Houston-based company said it had a loss of 72 cents per share. Losses, adjusted for non-recurring costs, were 57 cents per share.
The offshore energy services provider posted revenue of $91.9 million in the period.
For the year, the company reported that its loss widened to $196.2 million, or $4.86 per share. Revenue was reported as $397 million.
Tidewater shares have climbed 69% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.58, an increase of 7.5% in the last 12 months.