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Technical Analysis
- 1/16/2009 2:21:07 AM
By Chip Brian, SmarTrend Analytics Team
Thursday morning, Rc2 Corp. (NASDAQ:RCRC) reported lower fourth-quarter and 2008 fiscal year preliminary revenue. Revenue for the quarter is expected to decline 10% to an estimated $121 million, compared to last year. Revenue for the fiscal year is expected to decline 8% to $434 million, compared to last year. The company reduced an estimated 15% of its full time employees during the fourth-quarter, and during 2009 the company plans to reduce non-payroll operating expenses.
Contact Chip Brian
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