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Tidewater: 4Q Earnings Snapshot

HOUSTON (AP) _ Tidewater Inc. (TDW) on Monday reported a loss of $59.9 million in its fourth quarter.

The Houston-based company said it had a loss of $1.52 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 64 cents per share.

The offshore energy services provider posted revenue of $118.8 million in the period.

For the year, the company reported that its loss narrowed to $141.7 million, or $3.71 per share. Revenue was reported as $486.5 million.

Tidewater shares have dropped 26% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.19, a decline of 40% 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