Wednesday, Resources Connection Inc. (RECN) reported a second-quarter net loss of $1.9 million or $0.04 per share, compared to net income of $9.5 million or $0.21 per share in the same quarter last year.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $121.5 million, down 36.1% from $190.23 million in the comparable quarter last year. Analysts expected the company to report revenue of $124.06 million for the quarter.
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