Based on preliminary estimates, the company expects total revenues to be in the range of $45 to $47 million. Estimates for operating earnings per share are now expected to be a loss in the range of $0.04 to $0.05 per share. As previously indicated, additional restructuring charges of approximately $800,000 will be taken in this quarter.
Hall Kinion’s management team remains committed to taking the necessary measures to respond to these uncertain economic times by carefully managing our business on a quarter-to-quarter basis until long-term visibility improves, stated Brenda Rhodes, CEO of Hall Kinion. We continue to remain cautiously optimistic as we complete our 90th day into our previously announced restructuring, while retaining as many producers as possible. Our management team will continue to review all revenue aspects of our business with a focus on productivity. We believe this strategic move will place us in a good position to take advantage of the upturn when the market bounces back, added Rhodes.
