Hudson Global Posts 23.3 Percent Revenue Loss

November 6, 2012 – Hudson Global/(NASDAQ:HSON) has posted third quarter 2012 revenues of $187.9 million, a decrease of 23.3 percent from the third quarter of 2011. The company recorded a net loss of $2.2 million, or $0.07 per basic and diluted share, compared with net income of $3.4 million, or $0.11 per basic and diluted share, a year ago. “During the third quarter, the business environment deteriorated further due to global economic uncertainties,” said Manuel Marquez, CEO at Hudson. “While these conditions challenge our results in the near term, we remain fully committed to our strategy. Our restructuring actions during 2012 are helping us streamline our operations, advance our long-term goals and better position Hudson to capture the upside potential when conditions improve.”

Share This Article

RECOMMENDED ARTICLES

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz