Seeking Alpha

Team pre-announces FQ4 EPS below prior guidance, -7.2% AH

  • Team Inc. (TISI) -7.2% AH after pre-announcing that it expects to report FQ4 EPS of $0.60, higher than the $0.54 earned in the prior-year Q4 but below the company's previously issued guidance for $0.65-$0.80 and below analyst consensus estimate of $0.71.
  • Reports FQ4 revenues of $211M, at the low end of prior guidance of $210M-$225M and below $218M consensus, primarily attributable to project deferrals at Quest Integrity Group.
  • Lowers FY 2014 EPS guidance to ~$1.45 from $1.50-$1.65 prior and below $1.58 consensus; cuts full-year revenue guidance to $750M vs. $756M consensus.
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