WASHINGTON (dpa-AFX) - Tidewater Inc. (TDW) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $47.03 million, or $0.89 per share. This compares with $10.74 million, or $0.21 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 66.3% to $321.16 million from $193.10 million last year.
Tidewater Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $47.03 Mln. vs. $10.74 Mln. last year. -EPS (Q1): $0.89 vs. $0.21 last year. -Revenue (Q1): $321.16 Mln vs. $193.10 Mln last year.
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