Resources Connection Inc. Q4 Income Falls 49%

(RTTNews) - Resources Connection Inc. (RECN) released a profit for fourth quarter that decreased from last year.

The company said its profit came in at $4.44 million, or $0.15 per share. This was down from $8.68 million, or $0.23 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $148.62 million. This was down from $152.52 million last year.

Resources Connection Inc. earnings at a glance:

-Earnings (Q4): $4.44 Mln. vs. $8.68 Mln. last year. -Earnings Decline (Y-o-Y): -48.8% -EPS (Q4): $0.15 vs. $0.23 last year. -EPS Decline (Y-o-Y): -34.8% -Analysts Estimate: $0.26 -Revenue (Q4): $148.62 Mln vs. $152.52 Mln last year. -Revenue Change (Y-o-Y): -2.6%