Key Developments For TEAM, Inc.
TEAM, Inc. (TISI.O) (Nasdaq)
Team Inc. Reaffirms FY 2010 EPS Guidance
Team Inc. announced that it is reaffirming its earnings guidance of $0.85 to $1.05 per fully diluted share (EPS) for fiscal 2010. Such guidance excludes the impact of the non-routine investigation costs which are currently expected to reduce fiscal 2010 earnings by approximately $0.06 per diluted share. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.97 for the same period.
Team Inc. Issues 2010 Guidance In Line With Analysts' Estimates
Team Inc. announced that for fiscal 2010, it expects revenue to be in the range of $460-$490 million and net income to be in a range of $0.85-$1.05 per fully diluted share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.96 on revenues of $475 million for the same period.
Team Inc. Lowers FY 2009 Outlook; Issues Q4 2009 Revenue Outlook
Team Inc. announced that for fiscal 2009, it has lowered revenue outlook to approximately $500 million and lowered earnings to a range of between $1.05 to $1.20 per share (on a fully diluted basis). For fourth quarter 2009, it expects revenue of approximately $120 million, down about 17% from the prior year. The Company cited that continued weakness in customer demand as the main reason for lowering fiscal 2009 outlook.
Team Inc. Lowers FY 2009 Guidance
Team Inc. announced that it has lowered fiscal 2009 guidance and expects earnings to a range of $1.25 to 1.40 per fully diluted share and expects revenues of between $520 and $535 million. The revised earnings guidance range is $0.20 per share below the prior guidance and the revised annual revenue guidance is approximately $20 million below the previous guidance. According to Reuters Estimates, analysts are expecting the Company to report revenue of $553 million and EPS of $1.52 for fiscal 2009.
Team Inc. Reaffirms FY 2009 EPS Guidance
Team Inc. affirmed its fiscal 2009 earnings guidance of $1.45 to $1.60 per fully diluted share. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.55 for the same period.
