RCM Technologies Shares Climb to All-Time High After 2Q Profit, Sales Increase
Dow Jones
Aug 15
Shares of RCM Technologies hit a record high after the specialty healthcare technology company reported a gain in second quarter sales and profit.
The stock reached an all-time high of $34.81 in Friday trading. At midday the shares were up 20% on the day at $34.78, and have increased 69% since the start of the year.
Before the open RCM reported net income of $4.9 million, or 68 cents a share, compared with $3.79 million, or 50 cents a share, a year earlier.
Adjusted earnings per share was 82 cents, and revenue rose 20% to $93.8 million.
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