Tidewater Trading Higher on Strong Q4 Earnings

Tidewater TDW is trading higher on the session following its Q4 earnings announcement this morning. The company reported an EPS of $0.66 vs $0.61 estimates and revenues of $289.4 million vs $286 million estimates. Tidewater provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels. It is currently trading at $47.07, a gain of $1.68 or 3.70%. The shares of Tidewater still down more than 4% year-to-date. The stock broke below its 200-day and 50-day moving averages earlier this month.