Tidewater (TDW) Reports Q2 Loss Per Share of $3.79

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Tidewater Reports Second Quarter Results For Fiscal 2017

November 7, 2016 5:44 PM EST

NEW ORLEANS, Nov. 7, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today a second quarter net loss for the period ended September 30, 2016, of $178.5 million, or $3.79 per common share, on revenues of $143.7 million. For the same quarter last year, net loss was $43.8 million, or $0.93 per common share, on revenues of $271.9 million. The immediately preceding quarter ended June 30, 2016, had a net loss of $89.1 million, or $1.89 per common share, on revenues of $167.9 million.

Included in the net loss for the quarter ended September 30, 2016 were the following:

$129.6 million ($129.6 million after-tax, or $2.75 per share)... More