Resources Connection Inc. (RECN) reported a net loss for the first quarter of $7.19 million or $0.16 per share, compared to net income of $12.49 million or $0.27 per share in the year-ago quarter.
Total revenues for the quarter decreased 42.9%to $118.26 million from $207.31 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share, on revenues of $120.95 million for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.