Team posts Q3 net below the Street, but saw sales rise 48%
Team Inc., (Nasdaq:TISI), which provides maintenance and construction services for high temperature and high pressure piping systems, reported third-quarter earnings after Monday’s close that fell short of the consensus on Wall Street. However, the company’s top-line surged 48% helped in part by its recent Aitec and LRS acquisitions.
Team also reiterated previous guidance, which was a penny below analysts’ consensus. Shares lost 3%, or $0.84, to $26.46 in pre-market trading.
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