Robert Half: 4Q Earnings Snapshot
MENLO PARK, Calif. (AP) _ Robert Half International Inc. (RHI) on Tuesday reported fourth-quarter profit of $113.6 million.
The Menlo Park, California-based company said it had profit of 95 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The staffing firm posted revenue of $1.48 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.46 billion.
For the year, the company reported profit of $434.3 million, or $3.57 per share. Revenue was reported as $5.8 billion.
Robert Half shares have risen 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $60.72, an increase of slightly more than 5 percent in the last 12 months.