Resources Connection Q1 Results Top Estimates

(RTTNews) - Resources Connection, Inc. (RECN) reported net income for the first quarter of $5.4 million or $0.14 per share, compared to $3.7 million or $0.09 per share for the year-ago quarter.

The latest quarter results include severance and related charges for European personnel reductions totaling $700,000 or $0.02 per share.

Revenue for the first quarter rose 8.9% to $143.45 million from $131.70 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenue of $140.54 million for the first quarter. Analysts' estimates typically exclude special items.