Team Inc: Down on disappointing Q4 results, bleak outlook

Team

10/03/2021 14:54

** Shares of specialty industrial services provider  TISI.N 
down 4.5% at $11.88  
    ** Co posts Q4 adjusted loss of 38 cents/shr, more than
analysts' estimate of 10 cents/shr - Refinitiv IBES
    ** TISI posts smaller-than-expected Q4 revenue of $207.3
mln, hurt by lower activity levels primarily resulting from
COVID-19 impacts; analysts had expected $231.7 mln - Refinitiv
IBES
    ** Co expects Q1 2021 revenue to be lowest of the year, hurt
by project and maintenance deferrals, scope reductions and
impact from February weather  urn:newsml:reuters.com:*:nPn2S5QdCa
    ** Up to last close, stock up ~6% YTD 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))