Resources Connection Inc. Earnings Fall 63% In Q1

(RTTNews) - Resources Connection Inc. (RECN) revealed a profit for first quarter that retreated from last year.

The company said its earnings fell to $2.11 million, or $0.07 per share. This was lower than $5.64 million, or $0.15 per share, in last year's first quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $141.19 million. This was down from $143.39 million last year.

Resources Connection Inc. earnings at a glance:

-Earnings (Q1): $2.11 Mln. vs. $5.64 Mln. last year. -Earnings Decline (Y-o-Y): -62.6% -EPS (Q1): $0.07 vs. $0.15 last year. -EPS Decline (Y-o-Y): -53.3% -Analysts Estimate: $0.12 -Revenue (Q1): $141.19 Mln vs. $143.39 Mln last year. -Revenue Change (Y-o-Y): -1.5%