CDI Posts Lower Q4 Profit - Quick Facts

(RTTNews) - Engineering and technology services firm CDI Corp. (CDI) Wednesday said fourth-quarter net income attributable to the company fell to $2.43 million or $0.12 per share from $5.0 million or $0.25 per share in the prior-year quarter.

The latest results include a restructuring charge of $0.18 per share related to the company's realignment announced in December 2013, and a benefit from a legal settlement of $0.10 per share.

Two analysts polled by Thomson Reuters expected earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue improved to $277.11 million from $270.54 million in fourth quarter 2012. Two analysts expected revenues of $268.20 million.

The company expects revenues for the first quarter of 2014 in the range of $264 million to $274 million, compared to $269.5 million in the year-ago quarter.