Resources Connection Reports Fiscal Q1 Breakeven on Adjusted Basis, Lower Revenue; Launches New Brand Identities for Business Segments-November 2024-www.financetom.com

Resources Connection Reports Fiscal Q1 Breakeven on Adjusted Basis, Lower Revenue; Launches New Brand Identities for Business Segments

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Resources Connection Reports Fiscal Q1 Breakeven on Adjusted Basis, Lower Revenue; Launches New Brand Identities for Business Segments

Oct 2, 2024 10:39 PM

05:01 PM EDT, 10/01/2024 (MT Newswires) -- Resources Connection ( RGP ) reported fiscal Q1 breakeven late Tuesday, compared to adjusted earnings of $0.20 per diluted share a year earlier.

Three analysts polled by Capital IQ expected $0.04.

Revenue for the quarter ended Aug. 24 was $136.9 million, down from $170.2 million a year earlier. Four analysts surveyed by Capital IQ expected $137.9 million.

Separately, the company said it gave new brand identities for its business segments including On-Demand by RGP for on-demand talent, Veracity by RGP for next-gen consulting, and Countsy by RGP for outsourced services.

RGP shares fell 5% in after-hours activity.

Price: 9.00, Change: -0.47, Percent Change: -4.96

Previous page： Update: Market Chatter: HSBC Considers Naming Internal Candidate as New CEO Next page： Microbix Biosystems Up More Than 10% As Q2 Profit Grows On Higher Revenues; Says Stage Set For Record FY

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Update: Market Chatter: HSBC Considers Naming Internal Candidate as New CEO

May 15, 2024

10:26 AM EDT, 05/15/2024 (MT Newswires) -- (Updates with HSBC ( HSBC ) declines to comment in last paragraph.) HSBC Holdings ( HSBC ) is considering naming its new chief executive officer from a shortlist of internal candidates as it initiates the search for outgoing CEO Noel Quinn's successor, Bloomberg reported Wednesday, citing people familiar with the plan. Georges Elhedery,...

Microbix Biosystems Up More Than 10% As Q2 Profit Grows On Higher Revenues; Says Stage Set For Record FY

May 15, 2024

10:29 AM EDT, 05/15/2024 (MT Newswires) -- Microbix Biosystems Inc. ( MBXBF ) , a life sciences innovator, manufacturer, and exporter, was at last look up near 10% on Wednesday after it reported fiscal second-quarter net income and comprehensive income of $377,730, up from $31,616 a year earlier as revenues led to meaningful net earnings and continue to set the...

CAVA Group Opens New Production, Packaging Facility in Verona, Virginia

May 15, 2024

10:29 AM EDT, 05/15/2024 (MT Newswires) -- CAVA Group ( CAVA ) said Wednesday it opened a new food production and packaging facility in Verona, Virginia, with an initial investment of about $35 million. The 55,000-square-foot facility produces dips, spreads, and dressings for its restaurants and consumer packaged goods business, the company said. It has a production capacity of over...

Monday.com Raises 2024 Outlook as First-Quarter Results Top Views

May 15, 2024

10:28 AM EDT, 05/15/2024 (MT Newswires) -- Monday.com ( MNDY ) lifted its full-year outlook on Wednesday after the project management software provider's first-quarter results topped market expectations, buoyed by robust demand for its products across all end markets. The company now anticipates revenue to come in between $942 million and $948 million for the 2024 financial year, compared with...