HOUSTON (AP) _ Tidewater Inc. (TDW) on Thursday reported a loss of $110.6 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of $2.74. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The offshore energy services provider posted revenue of $102.3 million in the period.
Tidewater shares have declined 68% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.18, a decline of 73% in the last 12 months.