Tidewater (TDW) Q3 Revenue Misses

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Tidewater Reports Second Quarter Results For Fiscal 2016

November 3, 2015 5:36 PM EST

NEW ORLEANS, Nov. 3, 2015 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today a second quarter net loss for the period ended September 30, 2015, of $43.8 million, or $0.93 per common share, on revenues of $271.9 million. For the same quarter last year, net earnings were $60.9 million, or $1.22 per common share, on revenues of $397.5 million. The immediately preceding quarter ended June 30, 2015, had a net loss of $15.1 million, or $0.32 per common share, on revenues of $304.8 million.

Included in the net loss for the quarter ended September 30, 2015 were the... More