Team Inc. (TISI) reported net income for the second quarter of $5.8 million or $0.30 per share, compared to $10.22 million or $0.51 per share in the year-ago quarter.
Excluding the non-routine costs, net income would have been $6.6 million or $0.34 per share.
Revenues for the quarter decreased to $123.29 million from $148.75 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.30 per share, on revenues of $122.26 million for the quarter. Analysts estimates typically exclude special items.
Team is affirming its earnings guidance of $0.85 to $1.05 per share for fiscal year 2010.
Analysts currently expect earnings of $0.95 per share for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.