UPDATE 1-Team Q1 results miss Street, shares fall

* Q1 adj EPS of $0.09 misses estimates by 2 cents

* Q1 rev down 18 pct

* Reiterates full-year outlook

* Shares fall 11 pct in extended trade

Oct 5 (Reuters) - Specialty maintenance and construction services provider Team Inc TISI.O posted first-quarter results that missed Wall Street expectations, hurt by lower margins and a fall in revenue across all geographies and service lines, sending shares down as much as 11 percent in after-hours trade.

First-quarter net income fell about 77 percent to $1.1 million, or 6 cents per share, from $5 million, or 27 cents per share, a year earlier.

Excluding items, the company posted earnings of 9 cents a share.

Revenue fell 18 percent to $100.9 million.

Analysts on average expected earnings of 11 cents a share, excluding exceptional items, on revenue of $104.0 million, according to Thomson Reuters I/B/E/S.

Gross margins fell 25 percent.

The company reiterated its full-year earnings view of 85 cents to $1.05 a share. This excludes the impact of non-routine investigation costs, which are expected to reduce earnings by about 6 cents a share.

Analysts were looking for earnings of 98 cents a share, excluding items.

Shares of the company were down 11 percent at $14.65 in trading after the bell. They closed at $16.50 Monday on Nasdaq. (Reporting by Shrutika Verma in Bangalore; Editing by Anil D'Silva)