Hudson Global (HSON) Misses Q1 EPS by 7c; Updates on Strategic Actions

Hudson Global (NASDAQ: HSON) reported Q1 EPS of ($0.10), $0.07 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $101.2 million versus the consensus estimate of $100 million.

Strategic Actions

The company's strategic actions are focused on driving consistent, sustainable growth and profitability. We have engaged in four key initiatives. First, we are investing in our core businesses and practices that present the greatest potential for profitable growth. In addition, we are facilitating growth and development of the global Recruitment Process Outsourcing (RPO) business. We are also improving our cost structure and efficiency of our support functions and infrastructure. Finally, we are building and differentiating our brand through our unique talent solutions offerings.

During 2014 and 2015, the company completed certain divestures of non-core assets to narrow its focus on core markets. With these strategic divestitures complete, the company is now a more streamlined organization that is focused on delivering sustainable profitability and improved productivity in its core businesses -- RPO, Talent Management and Recruitment.

During the first quarter of 2016, the company incurred $0.6 million in restructuring charges for severance in Asia Pacific and real estate actions in the U.K. and France.

For earnings history and earnings-related data on Hudson Global (HSON) click here.

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