Why Resources Connection Stock Cratered by Nearly 12% Today [Yahoo! Finance]
Resources Connection, Inc. (RGP)
Company Research
Source: Yahoo! Finance
Wednesday wasn't an ideal day to hold shares of business consulting services specialist Resources Connection (NASDAQ: RGP) . After releasing quarterly earnings figures after market close on Tuesday, investors assertively sold out on the news that the company missed on the top and bottom lines. When the smoke cleared, Resource Connection's share price had fallen by almost 12%, comparing quite unfavorably to the ultimately flat performance of the S&P 500 index. An unimpressive start to fiscal 2025 The market was surely concerned with the double-digit decline in Resources Connection's revenue, not to mention the more dramatic erosion of profitability. The company's first quarter of fiscal 2025 saw it earn revenue just shy of $137 million, nearly 20% down on a year-over-year basis. Worse, it flipped to a net loss of more than $5.7 million under generally accepted accounting principles ( GAAP) , against the $3.1 million profit of the year-ago quarter. The news was only slightly be
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RGP
News
- Resources Connection to Announce Fiscal 2025 Second Quarter Results on January 2, 2025Business Wire
- Why Resources Connection (RGP) Is Among the Best Consulting Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- RGP Pulse Survey Highlights Impact of Lower Interest Rates on Corporate InvestmentBusiness Wire
- Resources Connection declares $0.14 dividend [Seeking Alpha]Seeking Alpha
- Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment DateBusiness Wire
RGP
Earnings
- 10/1/24 - Miss
RGP
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- RGP's page on the SEC website