GP Strategies (GPX) Misses Q2 EPS by 12c

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GP Strategies Reports Second Quarter 2015 Financial Results and Announces Plan to Reduce Costs and Propel Growth

July 30, 2015 8:01 AM EDT

COLUMBIA, Md., July 30, 2015 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) today reported financial results for the quarter ended June 30, 2015.

Overview:

Revenue of $125.7 million for second quarter of 2015 compared to $134.9 million for second quarter of 2014 Diluted earnings per share of $0.27 for second quarter of 2015 compared to $0.42 per share for second quarter of 2014 Cost reduction plan being implemented during the third quarter; estimated to result in approximately $10 million of annual cost savings, net of additional investments in global sales initiatives... More