(Reuters) - HOUSTON, July 26 - Tidewater Inc. , the
world's largest provider of vessels for the offshore oil
service industry, on Thursday said its first-quarter profit
rose as rates for its equipment climbed, but higher-than
expected costs hampered results.
Shares of Tidewater swooned, falling more than 8 percent,
or $6.53, to $70.37 in afternoon trade on the New York Stock
Exchange.
Read more at Reuters.com Market News
world's largest provider of vessels for the offshore oil
service industry, on Thursday said its first-quarter profit
rose as rates for its equipment climbed, but higher-than
expected costs hampered results.
Shares of Tidewater swooned, falling more than 8 percent,
or $6.53, to $70.37 in afternoon trade on the New York Stock
Exchange.
Read more at Reuters.com Market News
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