Tidewater IncTDW
▼ NegativeCapitalrelevance
Second-quarter profit fell sharply to $21.7M from $72.9M year-over-year.
Impact on assets 1
Energy
Tidewater IncTidewater Inc. Reports Drop in Second-Quarter Profit
2▲0 ▼1Impact / 5
Tidewater Inc. announced a decline in second-quarter profit. Net income fell to $21.662 million, or $0.43 per share, from $72.930 million, or $1.46 per share, in the same period last year. Revenue edged up 0.3% to $342.287 million from $341.431 million a year earlier. The company issued full-year revenue guidance of $1.42 billion to $1.47 billion.
Tidewater IncSecond-quarter profit fell sharply to $21.7M from $72.9M year-over-year.