UPDATE: Tidewater (TDW) Reports Q1 Loss Per Share of $1.89; Offers Update on Status of Discussions with Lenders
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Tidewater Reports First Quarter Results For Fiscal 2017 and Announces Conference Call On Wednesday, August 10, 2016 at 10:00 a.m. Central Time
August 9, 2016 5:31 PM EDTNEW ORLEANS, Aug. 9, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today a first quarter net loss for the period ended June 30, 2016, of $89.1 million, or $1.89 per common share, on revenues of $167.9 million. For the same quarter last year, net loss was $15.1 million, or $0.32 per common share, on revenues of $304.8 million. The immediately preceding quarter ended March 31, 2016, had a net loss of $81.8 million, or $1.74 per common share, on revenues of $184.2 million.
Included in the net loss for the quarter ended June 30, 2016 were the following:
$36.9 million ($36.1 million after-tax, or $0.77 per share)... More