RCM Technologies, Inc. (RCMT) Friday announced that its second-quarter revenues and operating income will fall short of its expectations, due primarily to an unexpected and extended client procedural delays in awarding certain engagements, related to a contract with a major North American utility.
The company currently expects revenues in the range of $35.0 to $36.5 million and operating income to grow in the range of 1.0 percent to 3.0 percent. The company had recorded earnings of $1.1 million or $0.08 per share on revenues of $38.2 million in the first quarter.
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