Team (TISI) Misses Q2 EPS by 13c
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Team, Inc. Reports Quarter Ended November 30, 2015 Results and Sets Calendar 2016 Earnings Budget of $2.15 Per Diluted Share
January 11, 2016 7:34 PM ESTSUGAR LAND, Texas, Jan. 11, 2016 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) today released full financial results for the quarter ending November 30, 2015. As recently announced, Team has changed its fiscal year end to December 31 and will be filing one-time, 7-month transitional financial statements for the period from June 1, 2015 through December 31, 2015 in mid-March 2016.
For its historical quarter ending November 30, 2015, Team reports adjusted earnings of $14.8 million ($0.69 per diluted share) versus adjusted earnings of $17.4 million ($0.80 per diluted share) for the prior year quarter. Revenues for the current year quarter increased by 17% to $280.9 million compared to... More
