In its fiscal year ended January 3, the company generated revenue of $819.7 million, a 20.6% year-on-year increase. Net income of $2.8 million compared to a loss of $1.7 million over fiscal 2012.
By late afternoon, shares had spiked 5.4% to $2.93.
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Separately, TheStreet Ratings team rates CORPORATE RESOURCE SVCS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CORPORATE RESOURCE SVCS INC (CRRS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."
- You can view the full analysis from the report here: CRRS Ratings Report