2.40%C 7.82 8.31%UYG 5.47 10.28%
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IRVINE, Calif. - Resources Connection, Inc. said late Thursday that its net income rose 7.8 percent on strong international growth for its fiscal first quarter that ended Aug. 30.
| RECN | 16.53 |  0.49 |
Net income grew to $12.5 million, or 27 cents per share, for the quarter, up from $11.6 million, 23 cents per share, for the same quarter of last year.
Analysts polled by Thomson Reuters expected the company to earn 25 cents a share for the quarter.
The company said revenue grew 6.8 percent to $207.3 million, up from $194.1 million in the same quarter as last year--with flat growth in the U.S. but robust growth overseas.
Shares of Resources Connection, like most companies, slid Thursday. The company's shares dropped 21 cents, or more than 1 percent in after-hours trading, to $19.91.
U.S. stocks fell on Wednesday after signs of weakening employment and a contraction in service industries overcame earlier gains in the trading s...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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