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Resources Connection Inc. Reveals 43% Advance In Q2 Earnings

Resources Connection Inc. (RECN) reported a profit for its second quarter that advanced from last year.

The company said its bottom line rose to $8.14 million, or $0.27 per share. This was up from $5.69 million, or $0.16 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.2% to $156.74 million. This was up from $147.56 million last year.

Resources Connection Inc. earnings at a glance:

-Earnings (Q2): $8.14 Mln. vs. $5.69 Mln. last year.
-Earnings Growth (Y-o-Y): 43.1%
-EPS (Q2): $0.27 vs. $0.16 last year.
-EPS Growth (Y-o-Y): 68.8%
-Analysts Estimate: $0.20
-Revenue (Q2): $156.74 Mln vs. $147.56 Mln last year.
-Revenue Change (Y-o-Y): 6.2%

by RTT Staff Writer

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