Tidewater (TDW) Releases Earnings Results, Misses Expectations By $-0.33 EPS

Tidewater (TDW) reported quarterly earnings results on Wednesday, May-25-2016. The company reported $-0.87 earnings per share for the quarter, missing the analyst consensus estimate by $-0.33. Analysts had a consensus of $-0.54. The company posted revenue of $184.20 million in the period, compared to analysts expectations of $191.42 million. The company’s revenue was down -43.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Tidewater opened for trading at $6.08 and hit $6.36 on the upside on Friday, eventually ending the session at $6.25, with a gain of 3.99% or 0.24 points. The heightened volatility saw the trading volume jump to 15,59,399 shares. Company has a market cap of $293,563 M.

In a different news, on Dec 2, 2015, Joseph M Bennett (Executive Vice President) purchased 10,000 shares at $9.36 per share price. According to the SEC, on Nov 30, 2015, Moulin Richard T Du (director) purchased 10,000 shares at $9.20 per share price. On Sep 9, 2015, Quinn P Fanning (Executive Vice President & CFO) sold 20,110 shares at $16.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas Asia/Pacific Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations which include operations in the United States Gulf of Mexico (GOM) and the United States and Canadian coastal waters of the Pacific and Atlantic oceans as well as operations in Mexico Trinidad and Brazil. The Asia/Pacific segment includes its Australian Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas the Black Sea the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa as well as operations in the Caspian Sea the North Sea and other arctic and cold water markets.


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