Robert Half International Inc. (NYSE:RHI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Robert Half International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.65% to $0.4 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 0.74% to $1.02 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Robert Half International Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $1.04 billion.
Quoting Management: Harold M. Messmer, Jr., chairman and CEO of Robert Half International, said: “We were pleased with the company’s overall performance in the first quarter. Demand for our professional services remained strongest in the United States, most notably in our permanent placement, information technology staffing and Protiviti operations. Despite softness in international markets, this is the 12th consecutive quarter in which both net income and earnings per share have grown 15 percent or more on a year-over-year basis.”
Key Stats (on next page)…