* Q4 EPS $1.10 vs $2.13 year ago
* Q4 rev down 24 pct
* Shares down as much as 9 pct
May 20 Tidewater Inc (TDW.N) reported a lower
quarterly profit, hurt by a decline in vessel utilization
levels, sending the oil services company's shares down as much
as 9 percent. For the fourth quarter, net income was $56.9
million, or $1.10 a share, compared with $109.7 million, or
$2.13 a share, last year.
Total revenue fell 24 percent to $260 million.
Total vessel utilization declined 23 percent during the
Shares of the company were down $3.56 at $43.82 in midday
trade Thursday on the New York Stock Exchange. They touched a
low of $43.06 earlier in the session.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by