Tidewater Posts Q3 Loss On Goodwill Impairment Charge - Quick Facts

(RTTNews) - Tidewater Inc. (TDW) reported a third-quarter net loss of $160.69 million or $3.31 per share, compared to profit of $12.58 million or $0.25 per share, prior year. The company noted that its net loss for the quarter included a non-cash goodwill impairment charge of $283.7 million ($214.9 million after tax, or $4.43 per share) resulting from the annual goodwill impairment assessment.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.92 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $387.55 million from $365.25 million last year. Analysts expected revenue of $382.58 million for the quarter.