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Tidewater Inc (NYSE: TDW) reported a strong rise in its fourth-quarter profit.

Tidewater's quarterly profit surged to $33.6 million, or $0.66 per share, versus $12 million, or $0.23 per share, in the year-earlier period. Its revenue rose to $289.4 million from $254 million.

Analysts were expecting earnings of $0.60 per share on revenue of $284.8 million.

Tidewater shares closed at $45.39 on Friday.

Posted-In: profitEarnings News


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