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Overview
Hudson Global Q2 revenue beats analyst expectations despite a 0.5% decline yr/yr
Adjusted net revenue rises 5.8%, driven by Asia Pacific business activity
Co reports net loss of $0.7 mln, missing analyst expectations
Outlook
Company expects merger with Star Equity to enhance shareholder value
Result Drivers
ASIA PACIFIC GROWTH - Adjusted net revenue in Asia Pacific increased 17% due to heightened business activity
STRATEGIC INVESTMENTS - Co invested $1.4 mln in sales, marketing, and technology to enhance future growth
ACQUISITIONS - Entry into Japanese market via acquisition of Alpha Consulting Group, enhancing regional capabilities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$35.54 mln
$34.40 mln (1 Analyst)
Q2 Net Income
Miss
-$688,000
-$133,000 (1 Analyst)
Q2 Operating Income
Beat
-$211,000
-$262,000 (1 Analyst)
Q2 Pretax Profit
Miss
-$343,000
-$191,000 (1 Analyst)
Q2 Operating Expenses
$35.75 mln
Analyst Coverage
Wall Street's median 12-month price target for Hudson Global Inc is $19.00, about 52% above its August 7 closing price of $9.12
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nGNX4zNxwR
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)