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Stock Market & Financial Investment News

News Breaks
January 9, 2013
15:41 EDTTDWTidewater, Sonangol extend joint venture pact to allow talks to continue
Tidewater (TDW) disclosed in a regulatory filing that it has agreed to extend the term of its current joint venture agreement with partner Sonangol Holdings to March 31, 2013, to allow for discussions on a new long-term joint venture agreement to continue. Tidewater said it remains hopeful that a new joint venture agreement will be agreed between the parties that will put Sonatide, its Angola joint venture, on a more secure and permanent footing. As there are significant issues on which the parties have yet to reach an agreement, no assurance can be given that such an outcome will be achieved, Tidewater cautioned in the filing.
News For TDW From The Last 14 Days
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May 27, 2015
11:32 EDTTDWTidewater sees FY16 CapEx $263M
Half of the CapEx is expected to be spent in Q1.
11:30 EDTTDWTidewater cuts near-term active vessel count outlook to 240-250 from 250-260
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11:17 EDTTDWTidewater expects crew costs to trend downward in FY16
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11:12 EDTTDWTidewater expects cost cutting initiatives to continue in coming quarters
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09:28 EDTTDWTidewater reports Q4 vessel revenue $317.77M
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09:28 EDTTDWTidewater reports Q4 EPS (19c), may not compare to consensus 57c
Reports Q4 revenue $324.76M, consensus $357.26M. Included in the March 31, 2015 quarterly results are charges resulting from cost reduction initiatives related to a more challenging business environment since the precipitous decline in crude oil prices that began in the second half of fiscal 2015, as well as period end asset impairment reviews and assessment of realization of deferred tax assets.
May 26, 2015
15:00 EDTTDWNotable companies reporting after market close
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May 15, 2015
12:28 EDTTDWTidewater extends common stock repurchase program through June 30, 2016
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