HOUSTON (AP) _ Tidewater Inc. (TDW) on Monday reported a loss of $44.2 million in its third quarter.
The Houston-based company said it had a loss of $1.15 per share. Losses, adjusted for non-recurring costs, were 99 cents per share.
The offshore energy services provider posted revenue of $119.8 million in the period.
Tidewater shares have declined 10% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.14, a fall of 37% in the last 12 months.