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Resources Connection Earnings Review: 18 Days after Announcement Shares Down 0.8% (RECN)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
When Resources Connection (NASDAQ:RECN) reported earnings two weeks ago on December 20th, 2012, analysts, on average, expected the company to report earnings of $0.16 on sales of $144.0 million. The company actually reported EPS of $0.14 on sales of $141.2 million, missing EPS estimates by $0.02 and missing revenue estimates by $2.8 million. Shares of Resources Connection have slipped from $12.40 to $12.30, representing a loss of 0.8%, since the company reported earnings 18 days ago.
In the past 52 weeks, shares of Resources Connection have traded between a low of $8.26 and a high of $14.90 and are now at $12.30, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
SmarTrend is tracking the current trend status for Resources Connection and will alert subscribers who have RECN in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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