NU Online News Service, July 29, 2004, 5:12 p.m. EDT
The new federal financial reporting rules took a bite out of profits at Clark Inc., Barrington, Ill., during the second quarter.[@@]
The benefits consulting firm is reporting $1.7 million in net income for the latest quarter on $71 million in revenue, compared with $2 million in net income on $77 million in revenue for the second quarter of 2003.