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Team reports 4Q loss

SUGAR LAND, Texas (AP) _ Team Inc. (TISI) on Tuesday reported a loss of $9.4 million in its fourth quarter.

On a per-share basis, the Sugar Land, Texas-based company said it had a loss of 32 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 8 cents per share.

The industrial services provider posted revenue of $319.8 million in the period.

For the year, the company reported a loss of $12.7 million, or 45 cents per share, swinging to a loss in the period. Revenue was reported as $1.2 billion.

Team shares have declined 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.70, a climb of 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TISI at https://www.zacks.com/ap/TISI


Keywords: Team, Earnings Report