The company’s revenue slipped to $98.1 million from $120.2 million in the same period last year, missing the $100 million threshold projected by analysts. While the firm’s adjusted loss of 16 cents a share proved slightly better than the 17-cent loss anticipated by FactSet, the broader financial picture remains strained.
In section Market Quotes
Resources Connection Shares Slide After Revenue Miss
A 12% drop in after-hours trading followed Resources Connection’s disclosure of deepening fiscal first-quarter losses. The professional services firm, which has seen its stock decline 26% this year, reported a loss of $8 million as client caution and reduced project volume weighed heavily on its top-line performance.
Chief Executive Roger Carlile attributed the shortfall to sluggish consulting activity and hesitant client decision-making. To stabilize the balance sheet, the firm is prioritizing cost reductions alongside efforts to refine sales execution and improve staff utilization on active projects.
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