Highlights From RCM Technologies Quarterly Results

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May 4, 2006 | SIN Picks | | Author Asif

RCM Technologies (RCMT) reported quarterly results yesterday and given below are some highlights,

  • Revenue came in at $47.1 million, up a modest 7% when compared to the year-ago period.
  • Net income was essentially flat at 7 cents a share but earnings this quarter included stock based compensation expenses.
  • Gross profits were up 19% and the company expects operational profits to increase in subsequent quarters thanks to the ramping up of existing projects.

While earnings were not as good as I expected, the story remains unchanged. The monthly employment numbers for April are due out on Friday morning and if the numbers are good, I see the 8% drop today as an opportunity to buy more for my personal portfolio.




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Comments

  1. Some Guy
    February 9th, 2012

    So with the job numbers really bad and the less than impressive results, are you still sticking by RCMT and if so why?

  2. Asif
    February 9th, 2012

    If you look at the payroll numbers closely most of the job losses were in retailing. Financial firms and professional services both added jobs and wages grew by 3.8 percent, the biggest 12-month gain since August 2001. This is positive for RCMT and so I am sticking with RCMT for now.

  3. Some Guy
    February 9th, 2012

    The street seems to think differently driving the stock down 14% this week – looks like a falling knife to me – I guess I will wait to see a clear rebound before thinking of initiating a position.

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