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Friday, March 29, 2024

Team, Inc Raises Guidance; Guides FY2011 EPS $1.55-1.70 vs $1.45-1.60 Prior; $1.61 Est

Courtesy of Benzinga.

Reflecting first half results and a continuing positive outlook for its business, Team is raising its full year adjusted earnings guidance to $1.55 to $1.70 per fully diluted share for the fiscal year ending May 31, 2012 (an increase over prior guidance of $0.10 per diluted share). Earnings guidance is based on the expectation that revenues for the full fiscal year will be $585-610 million.

“We are pleased with our performance this quarter and year to date, particularly the continued broad based growth of our business,” said Phil Hawk, Team’s Chairman and Chief Executive Officer. “Looking ahead, we expect continued business growth, building upon the positive momentum generated over the past several quarters.” 


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