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New Rules Give Boost To Business Consultant.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Juan Carlos Arancibia
Resources Connection has climbed back above its 10- and 40-week moving averages and is about 17% from an all-time high.
The global consulting firm's workload increased significantly after Congress mandated new corporate rules that shifted accounting work from companies' primary auditors to outside consultants.
In the five most recent quarters, earnings per share growth has at least doubled, ranging as high as 210%. Quarterly sales growth has averaged 78% over the same period.
The number of mutual funds owning the stock has increased at least seven straight quarters, from 72 in May 2003 to …
