Team: 2Q Earnings Snapshot
SUGAR LAND, Texas (AP) _ Team Inc. (TISI) on Tuesday reported a loss of $32.5 million in its second quarter.
The Sugar Land, Texas-based company said it had a loss of $1.08 per share. Losses, adjusted for one-time gains and costs, came to 19 cents per share.
The industrial services provider posted revenue of $343.9 million in the period.
Team shares have climbed 54 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.95, a rise of 77 percent in the last 12 months.