Tidewater Q3 Revenue Beats Estimates and Provides 2027 Growth Outlook
TDW Tidewater Inc
$73.98 +4.11%
View chart & analysis → - 1Tidewater Inc. reported Q3 revenue of $360.4 million, exceeding expectations.
- 2The weighted average daily fleet charter rate rose over 12% from the previous quarter to just over $27,000.
- 3As of September 30, Tidewater Inc. had total liquidity of approximately $650 million.
So what's the key point?
Tidewater's third-quarter revenue was higher than what experts predicted. This happened because the cost of renting out ships increased, leading to better company performance.
Source The Motley Fool +1 · View original ↗
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