Tidewater Profit Falls On Expenses - Quick Facts

(RTTNews) - Tidewater Inc (TDW) Tuesday reported first-quarter net earnings of $43.4 million or $0.88 per share compared with $46.6 million or $0.95 per share last year.

Revenues for the quarter were $367.8 million compared with $328.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.63 per share on revenues of $359.84 million for the quarter. Analysts' estimates typically exclude special items.

Results for the recent quarter included, among other items, foreign exchange loss of $2.7 million, compared with a gain of $4.2 million last year.

New Orleans, Louisiana-based Tidewater provides offshore service vessels and marine support services.

Tidewater shares closed Tuesday at $50.62, down $0.38 or 0.75%, on the NYSE.