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Hudson Global, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates; Sees Charges In Q2 2012


Tuesday, 1 May 2012 07:00am EDT 

Hudson Global, Inc. announced that given the current economic environment, the slowdown in the financial services sector, and the actions being taken to reposition the business, the Company expects sequential second quarter 2012 revenue growth to range from down slightly to up 5%. Against prior year, revenue may decline by around 20% at prevailing exchange rates. The Company expects second quarter 2012 adjusted EBITDA between $0 million and $3 million before restructuring charges and expects the charge in the quarter will range from $4 million to $6 million. The Company reported revenue of $200.6 million in the first quarter of 2012 and revenue of $247.4 million for the second quarter of 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $240.8 million and EBITDA of $6 million for the second quarter of 2012. 

Company Quote

3.49
-0.1 -2.79%
17 Apr 2014