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Team Inc. (TISI) Surged To A New High On Strong Q2 Results

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Team Inc. (TISI: Quote) reported second quarter EPS of $0.66 after the bell Monday, up from $0.53 in the prior year period. The consensus estimate was for EPS of $0.60. The company also increased its full year 2013 EPS forecast to between $1.90 and $2.05 and its revenue forecast to between $700 million and $730 million. The consensus estimates are for EPS of $1.96 and revenues of $710.14 million.

Team gapped up Tuesday and climbed steadily until mid-morning. The stock ended the session higher by 4.79 at $41.88 on the highest volume of the year. Team broke out of a one-month range and set a new high for the year.

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by RTT Staff Writer

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