RMH Lowers Revenue Projections

Share this article:
Telemarketer RMH Teleservices, Bryn Mawr, PA, yesterday revised its revenue projections for fiscal year 2001 because an undisclosed major client in the insurance industry reduced an outsourced telemarketing campaign. Total revenue for the first quarter of FY2001, which ended Dec. 31, was $32.8 million, $3 million less than expected. The workload reduction led the company to close some of its facilities. Shares of RMH stock fell $3.75 to $3.25 yesterday, a new 52-week low, after the news was announced.
Share this article:
close

Next Article in Agency

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Agency

John Wanamaker Is Dead, Long Live the CMO

John Wanamaker Is Dead, Long Live the CMO

A century-old motto isn't—and shouldn't be—relevant today. CMOs need to get with the times and put their customer knowledge to good use.

Unleashing the True Power of the Customer

Unleashing the True Power of the Customer

Retailers who harness customer loyalty program data can create a customer-centric competitive advantage.

News Byte: Gartner Retail Expert Joins eCommera as CMO

News Byte: Gartner Retail Expert Joins eCommera as ...

Kevin Sterneckert brings a wealth of knowledge and experience to eCommera.