Team Q3 Adj $(2.01) Up From $(5.50) YoY, Sales $206.72M Down From $218.34M YoY
Portfolio Pulse from Benzinga Newsdesk
Team (NYSE:TISI) reported Q3 adjusted losses of $(2.01) per share, a 63.45% improvement from $(5.50) YoY. However, sales were down 5.32% at $206.72M compared to $218.34M YoY.
November 09, 2023 | 11:59 pm
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NEUTRAL IMPACT
Team's Q3 results show a significant reduction in losses YoY, but a decrease in sales. This mixed result could lead to uncertain market reactions.
While the reduction in losses is a positive sign, the decrease in sales could be a concern for investors. The mixed results make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100