Strong Q4 Results for Trico Marine

3/12 - "Trico Marine Services, Inc. (TRMA) has been the benefactor of strong international growth and very favorable international tax regulations, both of which contributed to the company's very strong fourth quarter and full-year results, reported on Feb 19...Income for the quarter totaled $30.7 million on revenue of $65 million, producing earnings of $2.08 per share, well ahead of analyst estimates...The strong quarterly results mark the fourth time in four quarters that Trico has surprised and beaten estimates, having done so by an average of 20 cents, or 27%."

"Moving forward, the focus of the chart is the wedge formation that is squeezing shares into a consolidation pattern. As shares continue to establish higher lows within the channel and apply upward pressure to the top-side of the channel, momentum is clearly in this stock's favor. Look for shares to eventually breakout from the consolidation formation and advance to the 52-week high which is close by at just above $43."