As noted earlier, Pritchard upgraded Tidewater to Buy from Neutral with a $68 target. The firm upgraded the stock as it believes the resolution of the situation involving the company's Saudi Aramco contract removes uncertainty, while industry fundamentals continue to improve. :theflyonthewall.com
Tidewater reports Q3 EPS 67c including items vs. consensus 43c
Reports Q3 revenue $272.1M vs. consensus $266.02M. Included in the current fiscal quarter’s net earnings is an $8.4M, or 16c per common share, reversal of income tax liabilities originally established for uncertain tax positions as a result of the expiration of various statutes of limitations. Excluding items, reports Q3 EPS 51c. :theflyonthewall.com
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