Resources Connection (RGP) Shares Tumble 13% After Hours: Here's Why

Resources Connection Inc. (NASDAQ: RGP) shares fell 12.83% to $3.26 in after-hours trading following the release of its first-quarter fiscal 2027 results, which showed revenue of $98.1 million, down 18.4% from $120.2 million a year prior. The decline was attributed to fewer billable hours as clients delayed projects, leading to a net loss of approximately $8.0 million, compared to a loss of $2.4 million a year earlier. The company is implementing cost-cutting measures, including workforce reductions, amidst a challenging market environment.