Resources Connection Bid Higher on Earnings Results
Shares of Resources Connection (NASDAQ: RECN) are bid higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are bid $12.50, at $12.91; they ended the regular session lower by 3.03%, at $12.18.
Resources Connection reported Q4 EPS of $0.12 on revenues of $145.7 million; the Street was looking for $0.10 per share on revenues of $147 million. Revenues increased 8.8% year over year.
"In fiscal 2011, we grew our revenues by $46.5 million, bringing operating leverage to our business," said Tony Cherbak, chief operating officer. "The 320 basis point improvement in our adjusted EBITDA margin of 8.7% for 2011 is reflective of the excellent work our talented employees are doing for our clients."
Resources Connection, Inc. is a multinational professional services firm. Its operating entities provide services under the name Resources Global Professionals.
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