Team Q3 Profit In Line With Estimates, Revenue Misses

(RTTNews) - Team Inc (TISI), a provider of specialty industrial services, on Tuesday reported third-quarter net earnings to stockholders of $304 thousand or $0.01 per share compared with a loss of $1 million or $0.05 per share last year.

Excluding items, adjusted earnings for the quarter were $0.11 per share compared with $0.01 per share a year ago.

Revenues for the quarter increased 7% to $174.6 million from $163.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.11 per share on revenues of $183.3 million for the quarter. Analysts' estimates typically exclude special items.