Tidewater Inc. (TDW) released Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line totaled -$37.93 million, or -$0.92 per share. This compares with -$29.25 million, or -$0.72 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.5% to $105.18 million from $91.86 million last year.
Tidewater Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$37.93 Mln. vs. -$29.25 Mln. last year.
-EPS (Q4): -$0.92 vs. -$0.72 last year.
-Analyst Estimate: -$0.61
-Revenue (Q4): $105.18 Mln vs. $91.86 Mln last year.
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