Team Q3 Loss Widens - Quick Facts

(RTTNews) - Team, Inc. (TISI) Monday said third-quarter loss widened to $1.01 million or $0.05 per share from $535 thousand or $0.03 per share in the same period last year.

Adjusted earnings for the quarter were $0.01 per share. On average, six analysts polled by Thomson Reuters expected the company to report breakeven earnings for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $163 million from $151 million last year. Analysts expected revenues of $162.95 million.

Looking ahead to the fourth quarter, the company has forecast adjusted earnings in the range of $0.65 to $0.80 per share, with revenues ranging between $210 million and $225 million.

Analysts currently expect the company to earn $0.73 per share on revenues of $220.55 million.

For the fiscal year 2014, the company currently projects adjusted earnings in the range of $1.50 to $1.65 per share, with revenues of $750 million to $765 million.

Analysts currently expect the company to report full-year earnings of $1.58 per share on revenues of $758.20 million.