Resources Connection Inc (RGP) News & EventsRGPResources Connection Inc

S&P 500 Ends Three-Day Gain as 10-Year Treasury Yield Hits New High

S&P 500 broke a string of three consecutive gaining sessions, backing away from yesterday's record highs.   Investors took greater caution as the yield on the 10-year Treasury note hit a fresh 24-year high of 5.36% before relatively strong demand in today's 10-year auction drove that rate back down to 5.28%, driving some relief into the equity space.Healthcare was the best-performing sector in the S&P 500 on Wednesday while Basic Materials and Industrials were the two worst areas of the market.  Precious metals stocks were also weighed down by multi-week lows in Gold and Silver prices.   Tech was mixed again, with profit-taking among some of the biggest cybersecurity names that had seen record highs overnight, as Palo Alto Networksfell 3% and CrowdStrikefell 5% .  Computer hardware names were generally higher however, paced by 4% gains in Everpure.  Also of note, Micronrebounded to post 4% gains after opening the day 3% lower due to labor action in Taiwan.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Applied Digitalup 4.1%Richardson Electronicsup 1.8%ALSO HIGHER -Wolfspeedup 20.8% after announcing a $1.5B 30-year loan from Department of WarvTv Therapeuticsup 5.5% after securing Orphan Drug Designation for HPPDLattice Semiconductorup 2.0% after announcing Arm collaboration on AI data center infrastructureDOWN AFTER EARNINGS -Resources Connectiondown 12.6%Levi Straussdown 1.6%ALSO LOWER -MicroVision.down 7.2% after FY26 outlookONE Gasdown 1.4% after downgrade to Hold at JefferiesCostco Wholesaledown 0.3% after September SSS data

Company Sees Q2 Gross Margin at 36%-37%

Sees Q2 gross margin 36%-37%. Sees Q2 SG&A run rate $40M-$42M. Guidance taken from Q1 earnings conference call.

RGP Q1 Revenue at $98.1M, Below Consensus

Reports Q1 revenue $98.1M, consensus $99.98M. "Our first-quarter results were within the revenue and gross margin ranges we communicated in July, with adjusted SG&A expense better than our outlook," said Roger Carlile, President and Chief Executive Officer of RGP. "However, our revenue and profitability remained below our potential, driven primarily by lower project volume and utilization in Consulting and ongoing caution in client decision-making. We are addressing this with urgency by continuing to strengthen sales execution, improving Consulting project staffing and related utilization, and ongoing efforts to reduce our cost structure. At the same time, we are seeing positive indicators in the business, including the benefit from disciplined pricing in On-Demand Talent, opportunities in our pipeline, and strong performance within several strategic client relationships."