Beverly Hills 1/6/2010 8:12:29 AM
News / Business

Services Provider Team Inc. Reports Profit Nearly Halved

FInance World News Update by EQUITIES Magazine

Industrial piping services provider Team Inc. reported today that its second-quarter profit fell by nearly half due to the weak economy’s effects on revenue.

 

The company reaffirmed its guidance for full fiscal-year earnings.

 

The company said it earned $5.8 million, or 30 cents per share, in the quarter ended Nov. 30, compared with $10.2 million, or 51 cents per share, a year ago.

 

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