HOUSTON (AP) _ Tidewater Inc. (TDW) on Monday reported a loss of $21.7 million in its first quarter.
The Houston-based company said it had a loss of 58 cents per share. Losses, adjusted for severance costs, were 49 cents per share.
The offshore energy services provider posted revenue of $122.1 million in the period.
Tidewater shares have climbed 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.15, a decline of 34% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDW at https://www.zacks.com/ap/TDW