Tidewater Inc reports results for the quarter ended June 30 - Earnings Summary
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Tidewater Increported adjusted earnings of $1.46 per share for the quarter ended June 30, surpassing last year's EPS of 94 cents and analysts' expectations of 49 cents. Revenue increased by 0.6% to $341.43 million, exceeding the forecast of $322.18 million. The company’s net income was $72.93 million. Despite a 3.0% rise in shares this quarter, they have fallen 13.1% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $60.00, 18.5% above the last closing price of $48.91.
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