Tidewater (NYSE:TDW) Stock Slides 19% Following Decline In Q4 2024 Net Income To US$37 Million
Tidewater (NYSE:TDW) faced a challenging week, with its stock price dropping 18.8%. This decline coincided with the company's recent earnings announcement, where it reported a decline in Q4 2024 net income to $36.91 million despite revenue growth. Tidewater's cautious earnings guidance for 2025, projecting revenues between $1.32 billion and $1.38 billion, may have fueled investor apprehension during the period. The strategic shift towards value-accretive acquisitions and increased share...