Tidewater Reiterates FY23 Revenue $1.03B Vs $1B Est; Vessel Operating Margin ~$500M
Portfolio Pulse from Benzinga Newsdesk
Tidewater has reiterated its FY23 revenue forecast of $1.03 billion, slightly above the estimated $1 billion. The company also expects its vessel operating margin to be around $500 million.
August 07, 2023 | 8:41 pm
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Tidewater's FY23 revenue forecast of $1.03 billion, which is above the estimated $1 billion, and a vessel operating margin of around $500 million, could potentially boost investor confidence.
Tidewater's revenue forecast for FY23 is slightly above the estimated $1 billion, which could be seen as a positive sign by investors. Additionally, a strong vessel operating margin could indicate efficient operations, potentially leading to increased profitability. These factors could have a positive impact on Tidewater's stock price in the short term.
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