Resources Connection Q1 Sales $136.935M Miss $137.917M Estimate
Portfolio Pulse from Benzinga Newsdesk
Resources Connection (NASDAQ:RGP) reported Q1 sales of $136.935 million, missing the analyst estimate of $137.917 million and marking a 19.53% decrease from the previous year.
October 01, 2024 | 8:21 pm
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NEGATIVE IMPACT
Resources Connection reported Q1 sales of $136.935 million, missing the analyst consensus estimate by 0.71% and showing a significant year-over-year decline of 19.53%.
The company's sales missed analyst expectations and showed a significant decline compared to the previous year, which is likely to negatively impact investor sentiment and put short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100