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Tidewater: 2Q Earnings Snapshot

August 12, 2019

HOUSTON (AP) _ Tidewater Inc. (TDW) on Monday reported a loss of $16 million in its second quarter.

The Houston-based company said it had a loss of 42 cents per share. Losses, adjusted for non-recurring costs, were 41 cents per share.

The offshore energy services provider posted revenue of $125.9 million in the period.

Tidewater shares have declined 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.92, a fall of 48% in the last 12 months.

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