Team Q2 Adj $(0.45) Up From $(2.55) YoY, Sales $228.62M Down From $239.49M YoY
Portfolio Pulse from Benzinga Newsdesk
Team Inc. (NYSE:TISI) reported a significant improvement in its Q2 adjusted losses, which decreased from $(2.55) per share last year to $(0.45) per share this year. However, the company's sales declined by 4.54% year-over-year, from $239.49 million to $228.62 million.
August 08, 2024 | 9:04 pm
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Team Inc. (NYSE:TISI) reported a significant improvement in Q2 adjusted losses, which decreased from $(2.55) per share last year to $(0.45) per share this year. However, the company's sales declined by 4.54% year-over-year, from $239.49 million to $228.62 million.
The significant improvement in adjusted losses is a positive indicator for investors, suggesting better cost management and operational efficiency. However, the decline in sales may raise concerns about revenue growth. Overall, the positive earnings improvement is likely to have a more substantial short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100