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Talent solutions firm Hudson Global's Q2 revenue beats expectations

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$35.54 mln$34.40 mln (1 Analyst)
Q2 Net IncomeMiss-$688,000-$133,000 (1 Analyst)
Q2 Operating IncomeBeat-$211,000-$262,000 (1 Analyst)
Q2 Pretax ProfitMiss-$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.)

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