Tidewater Sees FY24 Revenue $1.39B-$1.41B Vs $1.408B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tidewater has updated its FY24 revenue guidance to a range of $1.39 billion to $1.41 billion, slightly below the previous estimate of $1.408 billion. The company also provided a 2024 gross margin guidance of 51%.
August 06, 2024 | 9:31 pm
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Tidewater's updated FY24 revenue guidance of $1.39B-$1.41B is slightly below the previous estimate of $1.408B. The company also provided a gross margin guidance of 51%.
The updated revenue guidance is slightly below the previous estimate, which may cause a neutral to slightly negative reaction in the short term. However, the gross margin guidance of 51% is a positive indicator of profitability.
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