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RCM Technologies Shares Decline; Q4 Adjusted Net Earnings, Revenue Rise
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RCM Technologies Shares Decline; Q4 Adjusted Net Earnings, Revenue Rise
Mar 14, 2024 11:14 AM

01:50 PM EDT, 03/14/2024 (MT Newswires) -- RCM Technologies (RCMT) shares were down 26.7% in recent trading on Thursday, a day after the company posted Q4 earnings.

The company reported Q4 adjusted net earnings Wednesday of $0.71 per diluted share, up from $0.52 a year earlier.

One analysts polled by Capital IQ expected $0.62.

Revenue for the quarter ended Dec. 30 was $71 million, up from $70.2 million a year earlier. Two analysts surveyed by Capital IQ expected $72.3 million.

Price: 21.10, Change: -7.67, Percent Change: -26.66

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