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Hudson Highland Group Inc. (NASD: HHGP) reported net income of $3.9 million for its third quarter ended Sept. 30. This is down 9.3% from the $4.3 million posted in the same quarter in 2006. Revenue for the quarter was $341.3 million, a decrease of 0.1% from $341.5 million for the third quarter of 2006. Gross margin was $136.1 million, up 8.2% from $125.9 million, for the same year-ago period.
Looking ahead, the company expects fourth-quarter revenue in the range of $325 million and $340 million at prevailing exchange rates This compares with revenue of $329.3 million and adjusted EBITDA of $14.8 million in the fourth quarter of 2006.
Hudson Highland Group Inc. (NASD: HHGP)
For the third quarter ended Sept. 30, compared with the same period in 2006
Revenue: $341.5 million, +0.1%Net income: $3.9 million, -9.3%