Team Q1 Profit Meets Estimate; Revenue Falls Short

(RTTNews) - Team, Inc. (TISI) reported net income for the first quarter of $7.0 million or $0.33 per share, compared to $4.5 million or $0.21 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $7.1 million or $0.34 per share, compared to $5.0 million or $0.23 per share in the prior year quarter.

Revenues for the first quarter rose 8% to $188.12 million from $174.31 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $194.55 million for the first quarter. Analysts' estimates typically exclude special items.