Resources Connection (RECN) Tops Q2 EPS by 6c

Resources Connection (NASDAQ: RECN) is trading up 5% in after-hours trade Wednesday after the company reported Q2 EPS of $0.22, ex-items, $0.06 better than the analyst estimate of $0.16. Revenue for the quarter came in at $151.5 million versus the consensus estimate of $147.05 million.

“We believe that this quarter reflects an improving economy and the value our consultants bring to our clients on a daily basis,” said Don Murray, executive chairman of RGP. “With revenue growth and our consistently strong balance sheet, we can continue to improve our operating leverage, invest in our people and service lines and at the same time, continue our stock repurchase and dividend programs which returned $10.6 million in capital to our shareholders this quarter.”

For earnings history and earnings-related data on Resources Connection (RECN) click here.

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