Tidewater reports increased earnings

Offshore services giant Tidewater Inc. (NYSE:TDW ) announced today second quarter net earnings for the period ended September 30, 2008, of $95.4 million, or $1.85 per common share, on revenues of $346.8 million. For the same quarter last year, net earnings were $86.5 million, or $1.56 per common share, on revenues of $319.0 million. The immediately preceding quarter ended June 30, 2008, had net earnings of $84.8 million, or $1.64 per common share, on revenues of $340.1 million.