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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