Why Resources Connection (RECN) Stock Is Jumping Today

NEW YORK (TheStreet) -- Shares of Resources Connection Inc. (RECN) are soaring 13.63% to $14.84 after it reported fiscal fourth quarter earnings of $6.9 million, or 18 cents per diluted share, up from $5.3 million, or 13 cents per diluted share, in the same period, a year ago.

Revenue for the quarter rose 11.8% to $156.8 million compared to a year prior.

The professional services company also said it was able to return $10.7 million of capital to shareholders in the form of dividends and share repurchases during the quarter.

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Separately, TheStreet Ratings team rates RESOURCES CONNECTION INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate RESOURCES CONNECTION INC (RECN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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