Business
Robert Half Tops Street Q1 Forecasts (MESA)
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Robert Half International on Thursday reported first-quarter profit of $78.5 million. On a per-share basis, the Menlo Park, California-based company said it had profit of 62 cents. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The staffing firm posted revenue of $1.29 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.27 billion.
Robert Half shares have declined nearly 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5 percent. In the final minutes of trading on Thursday, shares hit $45.91, rising slightly in the last 12 months.
