Tidewater (TDW) Misses Q4 EPS by 5c, Miss on Revenues

Note: EPS may not be comparable

Tidewater (NYSE: TDW) reported Q4 EPS of ($0.72), $0.05 worse than the analyst estimate of ($0.67). Revenue for the quarter came in at $104.45 million versus the consensus estimate of $112.98 million.

Included in the $23.6 million ($1.02 per common share) net loss for the three months ending December 31, 2017 (Successor) were the following:

• $16.8 million ($0.72 per common share) in non-cash asset impairment charges that resulted from impairment reviews undertaken during the three months ended December 31, 2017.
• $2.4 million ($0.10 per common share) of reorganization items related to the company\'s Chapter 11 proceedings.

For earnings history and earnings-related data on Tidewater (TDW) click here.

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