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Tech Industry

RCM Technologies hits 3Q estimates

RCM Technologies Inc. (Nasdaq: RCMT) matched analysts' estimates in its third quarter Tuesday, raking in $3.9 million, or 36 cents a share, on sales of $81.8 million.

Its shares plunged 2 13/16, or 20 percent, to 11 1/16 ahead of the earnings report.

The $81.8 million in sales represents a 57 percent improvement compared to the year-ago quarter when it made $2.6 million, or 26 cents a share, on sales of $52 million.

RCM Technologies shares hit a 52-week high of 26 7/8 in December before falling to a low of 10 5/16 in April.

All six analysts following the stock maintain either a "buy" or "strong buy" recommendation.

RCM provides engineering services for a variety of industries.>