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CTG Provides Preliminary 2014 Second-Quarter Results

PR Newswire (07/15/14)

CTG has announced preliminary financial results for the second quarter of 2014. Revenue for the second quarter is expected to be approximately $100 million, slightly below the $101 million to $103 million guidance provided in the 2014 first-quarter earnings release, due to lower than anticipated revenue from the company’s staffing business. The company also has been affected by an increase in medical costs based on significantly higher than expected claims in the quarter from its self-insured medical plan.