SUGAR LAND, Texas (AP) _ Team Inc. (TISI) on Wednesday reported a loss of $199.7 million in its first quarter.
The Sugar Land, Texas-based company said it had a loss of $6.54 per share. Losses, adjusted for one-time gains and costs, came to 59 cents per share.
The industrial services provider posted revenue of $236.8 million in the period.
Team shares have dropped 59% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.49, a decrease of 55% in the last 12 months.