Tidewater Inc. (TDW), a provider of offshore service vessels and marine support services, Tuesday reported an increase in its earnings and revenues for the fourth quarter.
For the quarter, net earnings were $46.6 million or $0.95 per share, compared with $33.6 or $0.44 per share for the corresponding period last year. On average, eighteen analysts polled by Thomson Reuters expected earnings per share of $0.61 for the fourth quarter. Analysts' estimates typically exclude one-time items.
Revenues for the three-month period rose to $328.3 million from $289.3 million generated during the same period previous year. The Street anticipated the company to report revenues of $317.82 million.
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