Resources Connection (RECN) Releases Earnings Results, Beats Expectations By $0.02 EPS

Resources Connection (RECN) reported quarterly earnings results on Thursday, Jul-14-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.21. The company posted revenue of $152.50 million in the period, compared to analysts expectations of $150.85 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Resources Connection opened for trading at $15.59 and hit $15.86 on the upside on Wednesday, eventually ending the session at $15.58, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 3,34,729 shares. Company has a market cap of $573 M.

In a different news, on May 12, 2016, Anne Shih (director) sold 2,430 shares at $15.08 per share price. According to the SEC, on Jan 8, 2016, Anthony Cherbak (CEO) purchased 2,000 shares at $14.00 per share price. On Oct 13, 2015, Tracy B Stephens (EVP & COO) sold 18,000 shares at $17.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Resources Connection Inc. is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). It provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance risk and compliance management; corporate advisory strategic communications and restructuring; information management; human capital; supply chain management; healthcare solutions and legal and regulatory. It provides its services and solutions to a client base in a range of industries. Its information management practice provides planning and execution services in four primary areas: program and project management; business and technology integration; data strategy and management and information technology (IT) strategy and advisory. The two primary areas of its human capital practice are change management/business transformation and human resources operations.

Resources Connection

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