OLD GREENWICH, Conn. (AP) — OLD GREENWICH, Conn. (AP) — Star Equity Holdings, Inc. (STRR) on Monday reported a loss of $3.8 million in its first quarter.
The Old Greenwich, Connecticut-based company said it had a loss of $1.17 per share. Losses, adjusted for severance costs and non-recurring costs, came to 99 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The staffing company posted revenue of $50.1 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $52.6 million.
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