Overview

* Hudson Global ( HSON ) Q2 revenue beats analyst expectations despite a 0.5% decline yr/yr

* Adjusted net revenue rises 5.8%, driven by Asia Pacific business activity

* Co reports net loss of $0.7 mln, missing analyst expectations

Outlook

* Company expects merger with Star Equity to enhance shareholder value

Result Drivers

* ASIA PACIFIC GROWTH - Adjusted net revenue in Asia Pacific increased 17% due to heightened business activity

* STRATEGIC INVESTMENTS - Co invested $1.4 mln in sales, marketing, and technology to enhance future growth

* ACQUISITIONS - Entry into Japanese market via acquisition of Alpha Consulting Group, enhancing regional capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $35.54 $34.40

Revenue mln mln (1

Analyst)

Q2 Net Miss -$688,00 -$133,00

Income 0 0 (1

Analyst)

Q2 Beat -$211,00 -$262,00

Operatin 0 0 (1

g Income Analyst)

Q2 Miss -$343,00 -$191,00

Pretax 0 0 (1

Profit Analyst)

Q2 $35.75

Operatin mln

g

Expenses

Analyst Coverage

* Wall Street's median 12-month price target for Hudson Global Inc ( HSON ) is $19.00, about 52% above its August 7 closing price of $9.12

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)